Prudential Financial, Inc. (NYSE:PRU) Shares Bought by TFG Advisers LLC

TFG Advisers LLC increased its position in Prudential Financial, Inc. (NYSE:PRU) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,215 shares of the financial services provider’s stock after purchasing an additional 374 shares during the period. TFG Advisers LLC’s holdings in Prudential Financial were worth $1,922,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PRU. Grove Bank & Trust grew its holdings in shares of Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Prudential Financial in the 3rd quarter valued at approximately $31,000. CGC Financial Services LLC increased its holdings in shares of Prudential Financial by 82.1% in the fourth quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 124 shares during the period. Quarry LP raised its stake in shares of Prudential Financial by 376.3% during the third 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. Finally, Retirement Wealth Solutions LLC purchased a new position in Prudential Financial in the 4th quarter valued at $37,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRU has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of Prudential Financial in a research report on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price objective for the company. Wells Fargo & Company cut their target price on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. TD Cowen lifted their price target on Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and increased their price objective for the stock from $117.00 to $140.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $125.77.

Insider Activity at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the business’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. The trade was a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Performance

NYSE:PRU opened at $112.80 on Friday. Prudential Financial, Inc. has a twelve month low of $104.02 and a twelve month high of $130.55. The company has a market capitalization of $40.16 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $119.75 and a two-hundred day moving average price of $120.37.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. As a group, research analysts expect that Prudential Financial, Inc. will post 14.38 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.79%. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.30. Prudential Financial’s dividend payout ratio (DPR) is presently 69.61%.

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.