Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Hudson Capital Management LLC

Hudson Capital Management LLC decreased its holdings in Prudential Financial, Inc. (NYSE:PRU) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 39,290 shares of the financial services provider’s stock after selling 790 shares during the period. Prudential Financial comprises about 1.4% of Hudson Capital Management LLC’s portfolio, making the stock its 29th largest position. Hudson Capital Management LLC’s holdings in Prudential Financial were worth $4,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its position in Prudential Financial by 65.9% during the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Prudential Financial in the 3rd quarter valued at about $31,000. Quarry LP increased its stake in shares of Prudential Financial by 376.3% in the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 222 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Prudential Financial in the 4th quarter valued at about $37,000. Finally, Tompkins Financial Corp boosted its holdings in Prudential Financial by 61.7% in the 3rd quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider’s stock worth $44,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Down 2.5 %

Prudential Financial stock opened at $117.32 on Thursday. Prudential Financial, Inc. has a 1-year low of $100.60 and a 1-year high of $130.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $41.76 billion, a PE ratio of 10.43, a P/E/G ratio of 1.11 and a beta of 1.31. The stock’s fifty day moving average is $121.84 and its two-hundred day moving average is $120.71.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.01. The company had revenue of $19.48 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period last year, the firm earned $3.44 earnings per share. On average, sell-side analysts expect that Prudential Financial, Inc. will post 13.26 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s payout ratio is 46.22%.

Insiders Place Their Bets

In related news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the completion of the acquisition, the insider now directly owns 4,780,293 shares in the company, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lowered their price objective on Prudential Financial from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company lowered their price objective on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Piper Sandler lowered their target price on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Keefe, Bruyette & Woods lowered their target price on Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group boosted their target price on Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prudential Financial presently has a consensus rating of “Hold” and a consensus price target of $127.25.

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.