Prudential Financial, Inc. (NYSE:PRU) Shares Acquired by Foster & Motley Inc.

Foster & Motley Inc. boosted its position in Prudential Financial, Inc. (NYSE:PRU) by 36.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,041 shares of the financial services provider’s stock after acquiring an additional 11,791 shares during the quarter. Foster & Motley Inc.’s holdings in Prudential Financial were worth $4,567,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC raised its stake in shares of Prudential Financial by 2.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,788 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 171 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Prudential Financial by 33.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,810 shares of the financial services provider’s stock valued at $396,000 after buying an additional 964 shares during the last quarter. CWM LLC grew its position in shares of Prudential Financial by 4.6% during the 4th quarter. CWM LLC now owns 10,977 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 480 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Prudential Financial during the 4th quarter valued at about $75,000. Finally, Lindbrook Capital LLC grew its position in shares of Prudential Financial by 25.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,424 shares of the financial services provider’s stock valued at $148,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling at Prudential Financial

In other news, SVP Timothy L. Schmidt sold 7,912 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the transaction, the senior vice president now owns 14,754 shares in the company, valued at approximately $1,595,350.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Ann M. Kappler sold 7,222 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total value of $782,792.58. Following the transaction, the executive vice president now directly owns 24,381 shares in the company, valued at approximately $2,642,656.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy L. Schmidt sold 7,912 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the completion of the transaction, the senior vice president now owns 14,754 shares in the company, valued at $1,595,350.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,255 shares of company stock worth $3,215,664. 0.34% of the stock is currently owned by company insiders.

Prudential Financial Stock Up 0.8 %

Shares of NYSE:PRU opened at $111.47 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $40.02 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. Prudential Financial, Inc. has a 52 week low of $77.22 and a 52 week high of $118.69. The firm has a 50 day simple moving average of $111.38 and a 200 day simple moving average of $103.36.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $2.58 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.09). The firm had revenue of $13.02 billion during the quarter, compared to analysts’ expectations of $12.99 billion. Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.42 EPS. As a group, research analysts expect that Prudential Financial, Inc. will post 13.38 earnings per share for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.25. Prudential Financial’s dividend payout ratio is currently 77.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Prudential Financial from $104.00 to $115.00 and gave the company an “underperform” rating in a research report on Thursday, April 11th. Piper Sandler boosted their price objective on shares of Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods upped their target price on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Prudential Financial from a “c+” rating to an “a-” rating in a research report on Tuesday, February 6th. Finally, UBS Group upped their target price on shares of Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat.com, Prudential Financial has a consensus rating of “Hold” and a consensus target price of $111.33.

Prudential Financial Company 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.