Thurston Springer Miller Herd & Titak Inc. Has $136,000 Stock Holdings in Prudential Financial, Inc. (NYSE:PRU)

Thurston Springer Miller Herd & Titak Inc. lifted its position in Prudential Financial, Inc. (NYSE:PRU) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,144 shares of the financial services provider’s stock after buying an additional 152 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Prudential Financial were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Citizens Financial Group Inc. RI grew its position in shares of Prudential Financial by 90.7% in the second quarter. Citizens Financial Group Inc. RI now owns 4,111 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 1,955 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Prudential Financial in the 2nd quarter valued at approximately $258,000. Meiji Yasuda Life Insurance Co bought a new position in Prudential Financial in the 2nd quarter worth approximately $857,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Prudential Financial by 0.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 34,074 shares of the financial services provider’s stock worth $3,993,000 after buying an additional 291 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Prudential Financial by 389.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,161 shares of the financial services provider’s stock valued at $2,949,000 after acquiring an additional 20,022 shares during the period. 56.83% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the firm’s stock in a transaction 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 acquisition, the insider now directly owns 4,780,293 shares in the company, valued at $133,465,780.56. The trade was a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Prudential Financial Trading Down 1.3 %

Shares of Prudential Financial stock opened at $118.47 on Friday. Prudential Financial, Inc. has a 12-month low of $100.60 and a 12-month high of $130.55. The stock has a market capitalization of $42.17 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.75 and a beta of 1.31. The company has a 50-day simple moving average of $122.23 and a 200 day simple moving average of $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.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.01. The company had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same quarter last year, the business posted $3.44 earnings per share. Research analysts expect that Prudential Financial, Inc. will post 13.34 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 4.39%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s payout ratio is presently 46.22%.

Analysts Set New Price Targets

PRU has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday. TD Cowen boosted 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. Bank of America raised their price objective on Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price objective on Prudential Financial from $119.00 to $129.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Eleven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $127.42.

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.