Lavaca Capital LLC bought a new stake in Prudential Financial, Inc. (NYSE:PRU) in the 4th quarter, Holdings Channel reports. The fund bought 5,800 shares of the financial services provider’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRU. Norway Savings Bank boosted its position in Prudential Financial by 28.9% during the fourth quarter. Norway Savings Bank now owns 1,228 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 275 shares during the period. Coastal Investment Advisors Inc. increased its position in Prudential Financial by 2.9% during the fourth quarter. Coastal Investment Advisors Inc. now owns 6,624 shares of the financial services provider’s stock worth $517,000 after buying an additional 188 shares during the last quarter. Sowell Financial Services LLC raised its stake in Prudential Financial by 9.9% in the fourth quarter. Sowell Financial Services LLC now owns 17,003 shares of the financial services provider’s stock valued at $1,327,000 after buying an additional 1,529 shares during the period. KMG Fiduciary Partners LLC lifted its position in shares of Prudential Financial by 2.6% in the fourth quarter. KMG Fiduciary Partners LLC now owns 8,725 shares of the financial services provider’s stock valued at $673,000 after buying an additional 225 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc boosted its stake in shares of Prudential Financial by 40.7% during the 4th quarter. Mountain Capital Investment Advisors Inc now owns 10,521 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 3,045 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PRU traded down $0.05 during midday trading on Wednesday, reaching $82.24. The company’s stock had a trading volume of 1,349,947 shares, compared to its average volume of 1,945,205. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $32.57 billion, a P/E ratio of -132.65, a P/E/G ratio of 0.77 and a beta of 1.69. The business’s 50 day moving average price is $78.49 and its two-hundred day moving average price is $69.45. Prudential Financial, Inc. has a fifty-two week low of $38.62 and a fifty-two week high of $97.24.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.52. The firm had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.53 billion. Prudential Financial had a positive return on equity of 6.13% and a negative net margin of 0.25%. During the same quarter last year, the company earned $3.22 EPS. Sell-side analysts forecast that Prudential Financial, Inc. will post 9.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 17th. Investors of record on Tuesday, November 24th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, November 23rd. This represents a $4.40 annualized dividend and a yield of 5.35%. Prudential Financial’s dividend payout ratio is 37.64%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Prudential Financial from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a research note on Wednesday, October 28th. Morgan Stanley increased their price objective on shares of Prudential Financial from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 18th. Smith Barney Citigroup raised shares of Prudential Financial from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $80.00 in a report on Tuesday, December 8th. ValuEngine raised shares of Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Monday, December 7th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Prudential Financial from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $58.00 to $80.00 in a research report on Tuesday, December 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Prudential Financial currently has an average rating of “Hold” and a consensus price target of $75.38.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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

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