Burney Co. Has $3.79 Million Holdings in Prudential Financial, Inc. (NYSE:PRU)

Burney Co. lessened its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,308 shares of the financial services provider’s stock after selling 165 shares during the quarter. Burney Co.’s holdings in Prudential Financial were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC increased its position in Prudential Financial by 163.5% in the 4th quarter. Choreo LLC now owns 6,940 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 4,306 shares in the last quarter. Cullinan Associates Inc. grew its position in shares of Prudential Financial by 2,355.0% during the 1st quarter. Cullinan Associates Inc. now owns 151,598 shares of the financial services provider’s stock worth $17,798,000 after buying an additional 145,423 shares during the period. National Bank of Canada FI grew its position in shares of Prudential Financial by 44.9% during the 1st quarter. National Bank of Canada FI now owns 230,044 shares of the financial services provider’s stock worth $27,327,000 after buying an additional 71,274 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of Prudential Financial during the 4th quarter worth approximately $1,087,000. Finally, Crestline Management LP grew its position in shares of Prudential Financial by 50.0% during the 4th quarter. Crestline Management LP now owns 60,000 shares of the financial services provider’s stock worth $6,223,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, SVP Timothy L. Schmidt sold 5,189 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.58, for a total value of $604,933.62. Following the transaction, the senior vice president now directly owns 12,236 shares in the company, valued at $1,426,472.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Robert Falzon sold 130,092 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $118.57, for a total value of $15,425,008.44. Following the completion of the transaction, the executive vice president now owns 202,083 shares of the company’s stock, valued at $23,960,981.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy L. Schmidt sold 5,189 shares of the 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 transaction, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at approximately $1,426,472.88. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Prudential Financial Stock Down 10.0 %

Shares of NYSE PRU traded down $12.23 during midday trading on Friday, reaching $110.26. The company’s stock had a trading volume of 5,436,589 shares, compared to its average volume of 1,325,238. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.67. Prudential Financial, Inc. has a fifty-two week low of $87.95 and a fifty-two week high of $128.52. The stock has a market capitalization of $39.58 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.95 and a beta of 1.34. The stock has a 50 day simple moving average of $119.53 and a 200-day simple moving average of $114.03.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.04). Prudential Financial had a net margin of 4.86% and a return on equity of 16.17%. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Equities research analysts predict that Prudential Financial, Inc. will post 13.38 earnings per share for the current year.

Prudential Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 21st were issued a dividend of $1.30 per share. The ex-dividend date was Monday, May 20th. This represents a $5.20 dividend on an annualized basis and a yield of 4.72%. Prudential Financial’s payout ratio is 88.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Prudential Financial from $104.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group reduced their price objective on shares of Prudential Financial from $143.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Wells Fargo & Company lifted their price objective on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Prudential Financial from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Finally, Evercore ISI lifted their price objective on shares of Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Prudential Financial currently has a consensus rating of “Hold” and an average price target of $116.92.

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.