Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC decreased its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,434 shares of the financial services provider’s stock after selling 975 shares during the quarter. Founders Financial Alliance LLC’s holdings in Prudential Financial were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Trust Co. grew its stake in shares of Prudential Financial by 77.2% during the 4th quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 105 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in Prudential Financial in the 4th quarter valued at $26,000. Headinvest LLC acquired a new stake in Prudential Financial in the 3rd quarter valued at $27,000. Arlington Trust Co LLC grew its stake in Prudential Financial by 151.6% in the 4th quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Finally, Janiczek Wealth Management LLC grew its stake in Prudential Financial by 49.6% in the 4th quarter. Janiczek Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PRU. Raymond James cut shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, February 9th. Piper Sandler decreased their price objective on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Evercore ISI raised their price objective on Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a report on Thursday, April 25th. TheStreet upgraded Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded Prudential Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $121.00 to $143.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.25.

Prudential Financial Trading Up 1.3 %

Shares of NYSE PRU traded up $1.51 during trading on Friday, hitting $119.36. 1,254,163 shares of the company were exchanged, compared to its average volume of 1,481,324. Prudential Financial, Inc. has a 12-month low of $78.40 and a 12-month high of $121.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.13. The company has a fifty day moving average price of $114.68 and a 200-day moving average price of $107.23. The firm has a market capitalization of $42.85 billion, a PE ratio of 20.30, a P/E/G ratio of 0.88 and a beta of 1.35.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). The business had revenue of $15.01 billion for the quarter, compared to analyst estimates of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The firm’s revenue for the quarter was up 69.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.66 earnings per share. As a group, equities research analysts expect that Prudential Financial, Inc. will post 13.41 EPS for the current year.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 20th. Prudential Financial’s payout ratio is 88.44%.

Insider Buying and Selling

In related news, SVP Timothy L. Schmidt sold 5,189 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total transaction of $604,933.62. Following the completion of the sale, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at approximately $1,426,472.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Prudential Financial news, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $108.13, for a total value of $855,524.56. Following the completion of the transaction, the senior vice president now directly owns 14,754 shares of the company’s stock, valued at approximately $1,595,350.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy L. Schmidt sold 5,189 shares of Prudential Financial stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.58, for a total value of $604,933.62. Following the completion of the transaction, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at $1,426,472.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,536 shares of company stock valued at $19,245,606. 0.31% of the stock is currently owned by insiders.

Prudential Financial 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.