Brooklyn Investment Group Has $158,000 Stock Holdings in Prudential Financial, Inc. (NYSE:PRU)

Brooklyn Investment Group raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 19.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,331 shares of the financial services provider’s stock after buying an additional 213 shares during the quarter. Brooklyn Investment Group’s holdings in Prudential Financial were worth $158,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PRU. Ashton Thomas Securities LLC bought a new position in Prudential Financial during the third quarter worth $31,000. Quarry LP grew its position in Prudential Financial by 376.3% in the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 222 shares during the last quarter. Tompkins Financial Corp increased its holdings in shares of Prudential Financial by 61.7% during the 3rd quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Prudential Financial by 235.4% in the third quarter. GHP Investment Advisors Inc. now owns 379 shares of the financial services provider’s stock valued at $46,000 after buying an additional 266 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Prudential Financial during the third quarter worth about $48,000. 56.83% of the stock is owned by institutional investors.

Prudential Financial Stock Up 0.5 %

Shares of NYSE PRU opened at $118.98 on Friday. Prudential Financial, Inc. has a 12-month low of $100.60 and a 12-month high of $130.55. The firm’s 50-day simple moving average is $122.06 and its 200 day simple moving average is $120.66. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. The company has a market cap of $42.36 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.75 and a beta of 1.31.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The business had revenue of $19.48 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the firm earned $3.44 earnings per share. On average, research analysts expect that Prudential Financial, Inc. will post 13.34 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRU. Jefferies Financial Group raised their price objective on Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods decreased their price target on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a research note on Thursday. Barclays dropped their price objective on shares of Prudential Financial from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Friday. Piper Sandler lowered their target price on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Bank of America lifted their price objective on Prudential Financial from $109.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.25.

Insider Activity at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the completion of the acquisition, the insider now directly owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. This represents a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

About Prudential Financial

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.