447 Shares in Prudential Financial, Inc. (NYSE:PRU) Bought by Capital Analysts LLC

Capital Analysts LLC purchased a new position in Prudential Financial, Inc. (NYSE:PRU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 447 shares of the financial services provider’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. purchased a new stake in Prudential Financial in the 4th quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new stake in Prudential Financial in the 4th quarter worth $26,000. Headinvest LLC purchased a new stake in Prudential Financial in the 3rd quarter worth $27,000. Fairfield Bush & CO. purchased a new stake in shares of Prudential Financial during the first quarter worth $36,000. Finally, Arlington Trust Co LLC grew its holdings in shares of Prudential Financial by 151.6% during the fourth quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PRU. Wells Fargo & Company upped their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. TheStreet raised shares of Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Morgan Stanley upped their target price on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. UBS Group upped their target price on shares of Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Raymond James lowered shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to MarketBeat.com, Prudential Financial presently has a consensus rating of “Hold” and an average target price of $111.33.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, SVP Robert Axel sold 6,436 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the transaction, the senior vice president now owns 7,901 shares of the company’s stock, valued at $883,805.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Robert Axel sold 6,436 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total transaction of $719,930.96. Following the sale, the senior vice president now owns 7,901 shares of the company’s stock, valued at $883,805.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew F. Sullivan sold 7,685 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total transaction of $857,415.45. Following the sale, the executive vice president now directly owns 13,691 shares in the company, valued at approximately $1,527,504.87. The disclosure for this sale can be found here. Insiders have sold 29,255 shares of company stock valued at $3,215,664 over the last 90 days. 0.31% of the stock is owned by insiders.

Prudential Financial Trading Up 1.8 %

NYSE PRU opened at $110.61 on Friday. The firm’s 50-day moving average is $111.30 and its two-hundred day moving average is $103.06. Prudential Financial, Inc. has a 12 month low of $77.22 and a 12 month high of $118.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $39.71 billion, a P/E ratio of 16.53, a PEG ratio of 0.74 and a beta of 1.37.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The company had revenue of $13.02 billion during the quarter, compared to analyst estimates of $12.99 billion. During the same period in the previous year, the company earned $2.42 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Prudential Financial, Inc. will post 13.38 earnings per share for the current year.

Prudential Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.20 dividend on an annualized basis and a yield of 4.70%. This is a boost from Prudential Financial’s previous quarterly dividend of $1.25. Prudential Financial’s dividend payout ratio is presently 77.73%.

Prudential Financial Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.