Ieq Capital LLC boosted its holdings in Prudential Financial Inc (NYSE:PRU) by 64.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,075 shares of the financial services provider’s stock after purchasing an additional 2,376 shares during the quarter. Ieq Capital LLC’s holdings in Prudential Financial were worth $317,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atlas Private Wealth Management acquired a new stake in Prudential Financial in the 4th quarter worth about $26,000. Legacy Bridge LLC acquired a new position in shares of Prudential Financial in the 4th quarter valued at approximately $33,000. Global Financial Private Capital Inc raised its position in shares of Prudential Financial by 4,312.5% in the 4th quarter. Global Financial Private Capital Inc now owns 353 shares of the financial services provider’s stock valued at $33,000 after buying an additional 345 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Prudential Financial in the 4th quarter valued at approximately $35,000. Finally, Savior LLC acquired a new position in shares of Prudential Financial in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.14% of the company’s stock.

PRU traded down $0.45 during trading on Friday, reaching $52.93. 2,547,051 shares of the company’s stock were exchanged, compared to its average volume of 3,403,081. Prudential Financial Inc has a one year low of $38.62 and a one year high of $103.56. The company has a current ratio of 0.14, a quick ratio of 0.10 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $21.09 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.65 and a beta of 1.71. The firm has a fifty day moving average price of $55.01 and a two-hundred day moving average price of $79.41.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $2.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.52). Prudential Financial had a return on equity of 7.13% and a net margin of 5.16%. The business had revenue of $13.33 billion for the quarter, compared to the consensus estimate of $14.81 billion. During the same period in the previous year, the firm earned $3.00 earnings per share. Sell-side analysts expect that Prudential Financial Inc will post 10.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Friday, May 22nd. Prudential Financial’s payout ratio is 37.64%.

In other news, SVP Candace Woods sold 1,494 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $94.32, for a total value of $140,914.08. Following the sale, the senior vice president now directly owns 10,915 shares of the company’s stock, valued at approximately $1,029,502.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Nicholas C. Silitch sold 8,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $88.17, for a total transaction of $722,994.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,993 shares of company stock worth $1,265,134 over the last three months. Insiders own 0.33% of the company’s stock.

PRU has been the subject of several analyst reports. DOWLING & PARTN cut shares of Prudential Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. ValuEngine cut shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Piper Sandler cut shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Co dropped their target price on shares of Prudential Financial from $67.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Morgan Stanley lowered their price objective on shares of Prudential Financial from $102.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.71.

Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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