Community Bank & Trust Waco Texas Increases Holdings in Prudential Financial, Inc. (NYSE:PRU)

Community Bank & Trust Waco Texas increased its holdings in Prudential Financial, Inc. (NYSE:PRU) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 37,405 shares of the financial services provider’s stock after acquiring an additional 1,372 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Prudential Financial were worth $3,879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Financial Corp IN grew its holdings in Prudential Financial by 13.7% during the 4th quarter. First Financial Corp IN now owns 848 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 102 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Prudential Financial by 77.2% during the fourth quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 105 shares during the period. Patron Partners LLC lifted its holdings in shares of Prudential Financial by 2.4% in the 3rd quarter. Patron Partners LLC now owns 5,086 shares of the financial services provider’s stock valued at $483,000 after buying an additional 119 shares during the period. Janiczek Wealth Management LLC boosted its position in shares of Prudential Financial by 49.6% during the 4th quarter. Janiczek Wealth Management LLC now owns 374 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 124 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Prudential Financial by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 50,718 shares of the financial services provider’s stock valued at $4,813,000 after buying an additional 128 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors.

Prudential Financial Stock Down 0.0 %

NYSE PRU traded down $0.04 on Wednesday, hitting $112.01. 206,977 shares of the company were exchanged, compared to its average volume of 1,503,928. Prudential Financial, Inc. has a 12 month low of $77.22 and a 12 month high of $118.69. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $40.21 billion, a PE ratio of 16.75, a PEG ratio of 0.76 and a beta of 1.37. The stock has a fifty day moving average of $111.52 and a 200-day moving average of $103.50.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.09). The company had revenue of $13.02 billion for the quarter, compared to the consensus estimate of $12.99 billion. Prudential Financial had a return on equity of 14.52% and a net margin of 4.89%. The company’s quarterly 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, analysts forecast that Prudential Financial, Inc. will post 13.38 earnings per share for the current year.

Prudential Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 20th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.64%. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, February 16th. Prudential Financial’s payout ratio is currently 77.73%.

Wall Street Analysts Forecast Growth

Several analysts have commented on PRU shares. Wells Fargo & Company lifted their price target on Prudential Financial from $100.00 to $106.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $118.00 target price (down from $119.00) on shares of Prudential Financial in a research note on Wednesday, January 3rd. UBS Group upped their price target on Prudential Financial from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods increased their price objective on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler increased their price objective on shares of Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.33.

Insider Buying and Selling at Prudential Financial

In other news, SVP Robert Axel sold 6,436 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the completion of the sale, the senior vice president now owns 7,901 shares of the company’s stock, valued at approximately $883,805.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Prudential Financial news, SVP Robert Axel sold 6,436 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total transaction of $719,930.96. Following the completion of the transaction, the senior vice president now owns 7,901 shares of the company’s stock, valued at $883,805.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $108.13, for a total transaction of $855,524.56. Following the completion of the sale, the senior vice president now directly owns 14,754 shares of the company’s stock, valued at approximately $1,595,350.02. The disclosure for this sale can be found here. Insiders sold 29,255 shares of company stock valued at $3,215,664 in the last quarter. 0.34% of the stock is currently owned by corporate insiders.

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.