7,749 Shares in Prudential Financial, Inc. $PRU Purchased by Diversified Trust Co.

Diversified Trust Co. acquired a new position in Prudential Financial, Inc. (NYSE:PRU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,749 shares of the financial services provider’s stock, valued at approximately $875,000.

Several other large investors also recently bought and sold shares of the company. Wealth Watch Advisors INC purchased a new stake in Prudential Financial in the 3rd quarter valued at $30,000. Chilton Capital Management LLC increased its stake in shares of Prudential Financial by 146.5% in the 3rd quarter. Chilton Capital Management LLC now owns 350 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 208 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Prudential Financial during the 2nd quarter worth $36,000. AlphaCore Capital LLC acquired a new position in shares of Prudential Financial during the 2nd quarter valued at about $39,000. Finally, Capital A Wealth Management LLC grew its holdings in shares of Prudential Financial by 4,600.0% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 368 shares during the period. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRU. Mizuho cut their price objective on shares of Prudential Financial from $126.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Barclays dropped their price target on shares of Prudential Financial from $124.00 to $119.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. UBS Group raised their price target on shares of Prudential Financial from $111.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings lowered shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Finally, Wall Street Zen lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Nine investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Prudential Financial currently has an average rating of “Reduce” and an average target price of $113.89.

Insider Transactions at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential purchased 1,406,739 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were bought at an average cost of $24.87 per share, for a total transaction of $34,985,598.93. Following the completion of the purchase, the insider directly owned 7,709,624 shares of the company’s stock, valued at approximately $191,738,348.88. This trade represents a 22.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph J. Wolk purchased 400 shares of the stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average price of $105.32 per share, with a total value of $42,128.00. Following the completion of the transaction, the director owned 400 shares of the company’s stock, valued at approximately $42,128. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 1,408,389 shares of company stock worth $35,154,439 in the last ninety days. 0.25% of the stock is owned by company insiders.

Prudential Financial Trading Down 0.1%

NYSE PRU opened at $95.15 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $33.11 billion, a P/E ratio of 9.52, a PEG ratio of 1.17 and a beta of 0.98. The firm’s 50-day moving average is $101.53 and its two-hundred day moving average is $105.68. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $119.76.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.07). Prudential Financial had a net margin of 6.20% and a return on equity of 16.32%. The company had revenue of $14.52 billion for the quarter, compared to analyst estimates of $14.48 billion. During the same quarter in the prior year, the business earned $2.96 earnings per share. On average, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 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 12th. Investors of record on Tuesday, February 17th were issued a $1.40 dividend. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. The ex-dividend date was Tuesday, February 17th. This represents a $5.60 annualized dividend and a yield of 5.9%. Prudential Financial’s payout ratio is 56.00%.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.