apricus wealth LLC Buys 113 Shares of Prudential Financial, Inc. (NYSE:PRU)

apricus wealth LLC boosted its stake in Prudential Financial, Inc. (NYSE:PRU) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,286 shares of the financial services provider’s stock after purchasing an additional 113 shares during the period. apricus wealth LLC’s holdings in Prudential Financial were worth $627,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PRU. Sei Investments Co. grew its stake in Prudential Financial by 14.4% in the 2nd quarter. Sei Investments Co. now owns 66,187 shares of the financial services provider’s stock worth $7,757,000 after buying an additional 8,334 shares in the last quarter. AlTi Global Inc. lifted its stake in shares of Prudential Financial by 9.2% in the 2nd quarter. AlTi Global Inc. now owns 3,381 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 285 shares during the period. AXA S.A. lifted its position in Prudential Financial by 2.5% during the second quarter. AXA S.A. now owns 43,644 shares of the financial services provider’s stock valued at $5,115,000 after buying an additional 1,077 shares during the period. AQR Capital Management LLC lifted its position in Prudential Financial by 97.4% during the second quarter. AQR Capital Management LLC now owns 724,244 shares of the financial services provider’s stock valued at $84,874,000 after buying an additional 357,300 shares during the period. Finally, APG Asset Management N.V. lifted its position in Prudential Financial by 175.3% during the second quarter. APG Asset Management N.V. now owns 41,614 shares of the financial services provider’s stock valued at $4,550,000 after buying an additional 26,500 shares during the period. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of NYSE PRU opened at $117.22 on Friday. Prudential Financial, Inc. has a 12 month low of $100.60 and a 12 month high of $130.55. The company has a market cap of $41.73 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The company has a 50-day simple moving average of $121.50 and a 200-day simple moving average of $120.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $14.57 billion. During the same quarter last year, the firm posted $3.44 EPS. On average, equities analysts anticipate that Prudential Financial, Inc. will post 13.24 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s payout ratio is 46.22%.

Insider Buying and Selling at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of Prudential Financial stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the transaction, the insider now 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 legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PRU shares. Piper Sandler dropped their price objective on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets started coverage on shares of Prudential Financial in a report on Thursday. They issued an “underperform” rating and a $101.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods decreased their price objective 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, January 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.31.

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.