Mountain Capital Investment Advisors Inc boosted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 40.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,521 shares of the financial services provider’s stock after purchasing an additional 3,045 shares during the quarter. Mountain Capital Investment Advisors Inc’s holdings in Prudential Financial were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in PRU. FMR LLC boosted its position in Prudential Financial by 71.7% during the second quarter. FMR LLC now owns 1,580,224 shares of the financial services provider’s stock worth $96,235,000 after purchasing an additional 659,696 shares during the period. Man Group plc boosted its position in Prudential Financial by 120.6% during the second quarter. Man Group plc now owns 59,307 shares of the financial services provider’s stock worth $3,611,000 after purchasing an additional 32,418 shares during the period. AQR Capital Management LLC boosted its position in Prudential Financial by 31.3% during the second quarter. AQR Capital Management LLC now owns 357,315 shares of the financial services provider’s stock worth $21,196,000 after purchasing an additional 85,141 shares during the period. WealthPLAN Partners LLC bought a new position in Prudential Financial during the second quarter worth $218,000. Finally, Orion Portfolio Solutions LLC boosted its position in Prudential Financial by 64.8% during the second quarter. Orion Portfolio Solutions LLC now owns 5,268 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 2,071 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PRU opened at $82.24 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.30. The company has a market cap of $32.57 billion, a price-to-earnings ratio of -132.65, a PEG ratio of 0.77 and a beta of 1.69. Prudential Financial, Inc. has a 12 month low of $38.62 and a 12 month high of $97.24. The stock has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $69.45.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported $3.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.69 by $0.52. The firm had revenue of $13.34 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $3.22 earnings per share. On average, sell-side analysts predict that Prudential Financial, Inc. will post 9.45 earnings per share for the current year.

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

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Prudential Financial in a report on Friday, December 4th. They set a “buy” rating and a $88.00 target price for the company. TheStreet raised Prudential Financial from a “c+” rating to a “b-” rating in a report on Monday, November 23rd. Morgan Stanley lifted their target price on Prudential Financial from $76.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 18th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised 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. Finally, ValuEngine raised Prudential Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, December 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Prudential Financial has a consensus rating of “Hold” and a consensus price target of $75.38.

Prudential Financial 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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