M Holdings Securities Inc. Makes New $1.19 Million Investment in Prudential Financial, Inc. $PRU

M Holdings Securities Inc. bought a new stake in shares of Prudential Financial, Inc. (NYSE:PRU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,086 shares of the financial services provider’s stock, valued at approximately $1,193,000.

Other large investors also recently added to or reduced their stakes in the company. Archer Investment Corp bought a new stake in Prudential Financial in the second quarter worth $26,000. Team Financial Group LLC bought a new position in shares of Prudential Financial during the third quarter valued at about $27,000. Heritage Family Offices LLP bought a new position in shares of Prudential Financial during the third quarter valued at about $33,000. MADDEN SECURITIES Corp bought a new position in shares of Prudential Financial during the third quarter valued at about $38,000. Finally, Center for Financial Planning Inc. increased its holdings in shares of Prudential Financial by 90.4% in the third quarter. Center for Financial Planning Inc. now owns 339 shares of the financial services provider’s stock worth $39,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America reissued a “neutral” rating on shares of Prudential Financial in a research note on Wednesday, November 4th. TD Cowen reduced their price target on Prudential Financial from $114.00 to $112.00 and set a “hold” rating on the stock in a research report on Wednesday, October 21st. Piper Sandler lifted their price target on Prudential Financial from $120.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Mizuho set a $108.00 price target on Prudential Financial in a research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Prudential Financial from $105.00 to $102.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $112.40.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann Kappler sold 7,652 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $125.01, for a total transaction of $956,576.52. Following the transaction, the executive vice president directly owned 14,407 shares of the company’s stock, valued at approximately $1,801,019.07. The trade was a 34.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Prudential Financial Stock Performance

Prudential Financial stock opened at $122.24 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of 0.66. The firm has a market cap of $42.17 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.12 and a beta of 0.85. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $128.78. The firm has a 50-day moving average of $117.03 and a 200-day moving average of $109.03.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.44. The company had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $14.66 billion. Prudential Financial had a return on equity of 16.38% and a net margin of 6.75%. During the same quarter in the previous year, the business earned $4.26 EPS. Sell-side analysts expect that Prudential Financial, Inc. will post 13.54 EPS for the current year.

Prudential Financial Company Profile

Prudential Financial, Inc is a financial services company headquartered in Newark, New Jersey. Founded in 1875 as the Prudential Friendly Society, it has grown into a provider of insurance, retirement and investment services.

The company offers life insurance, annuities, workplace benefits and retirement-related products and services. Through its asset management businesses, Prudential also serves individual and institutional investors.

Prudential serves customers in the United States and operates internationally, with a significant presence in Japan and other markets.