15,485 Shares in Prudential Financial, Inc. $PRU Purchased by Caldwell Trust Co

Caldwell Trust Co acquired a new position in shares of Prudential Financial, Inc. (NYSE:PRU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,485 shares of the financial services provider’s stock, valued at approximately $1,664,000.

A number of other hedge funds have also made changes to their positions in PRU. AlphaQuest LLC grew its position in Prudential Financial by 12,250.0% during the first quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 245 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Prudential Financial during the 2nd quarter valued at $36,000. AlphaCore Capital LLC acquired a new position in shares of Prudential Financial in the second quarter worth $39,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Prudential Financial during the second quarter worth $51,000. Finally, 1248 Management LLC acquired a new stake in Prudential Financial during the first quarter valued at $53,000. 56.83% of the stock is owned by hedge funds and other institutional investors.

Prudential Financial Price Performance

Shares of Prudential Financial stock opened at $117.02 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $105.66 and a 200-day simple moving average of $105.39. The stock has a market capitalization of $40.96 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.96 and a beta of 0.97. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $123.88.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. The firm had revenue of $8.35 billion for the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.60%. On average, sell-side analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, November 18th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, November 18th. Prudential Financial’s dividend payout ratio is currently 74.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised their price target on Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Barclays cut their price objective on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Financial in a report on Monday, December 8th. Finally, Wolfe Research started coverage on shares of Prudential Financial in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $115.89.

Insider Buying and Selling at Prudential Financial

In related news, Chairman Charles F. Lowrey sold 48,164 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $107.39, for a total transaction of $5,172,331.96. Following the transaction, the chairman owned 165,564 shares of the company’s stock, valued at approximately $17,779,917.96. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy L. Schmidt sold 8,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $107.69, for a total transaction of $861,520.00. Following the completion of the sale, the senior vice president directly owned 11,535 shares of the company’s stock, valued at approximately $1,242,204.15. This trade represents a 40.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.25% of the company’s stock.

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.