Global Financial Private Capital LLC Has $2.70 Million Holdings in Prudential Financial Inc (PRU)

Global Financial Private Capital LLC raised its holdings in Prudential Financial Inc (NYSE:PRU) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,110 shares of the financial services provider’s stock after buying an additional 3,348 shares during the quarter. Global Financial Private Capital LLC’s holdings in Prudential Financial were worth $2,700,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norway Savings Bank increased its holdings in Prudential Financial by 13.6% in the 4th quarter. Norway Savings Bank now owns 958 shares of the financial services provider’s stock valued at $78,000 after buying an additional 115 shares during the period. Garland Capital Management Inc. grew its holdings in shares of Prudential Financial by 0.3% in the 4th quarter. Garland Capital Management Inc. now owns 48,625 shares of the financial services provider’s stock worth $3,965,000 after purchasing an additional 125 shares during the last quarter. Community Bank & Trust Waco Texas grew its holdings in shares of Prudential Financial by 1.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 15,938 shares of the financial services provider’s stock worth $1,300,000 after purchasing an additional 150 shares during the last quarter. Newman Dignan & Sheerar Inc. grew its holdings in shares of Prudential Financial by 2.6% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 5,888 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 150 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC grew its holdings in shares of Prudential Financial by 1.1% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 14,618 shares of the financial services provider’s stock worth $1,192,000 after purchasing an additional 153 shares during the last quarter. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE PRU opened at $91.50 on Tuesday. The stock has a market cap of $37.85 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.79 and a beta of 1.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $113.03.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.44). Prudential Financial had a return on equity of 10.20% and a net margin of 7.01%. The company had revenue of $17.78 billion for the quarter, compared to analyst estimates of $14.03 billion. During the same quarter last year, the company earned $2.69 EPS. On average, sell-side analysts forecast that Prudential Financial Inc will post 12.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Wednesday, February 20th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 19th. This is an increase from Prudential Financial’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a yield of 4.37%. Prudential Financial’s dividend payout ratio is presently 30.80%.

PRU has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, November 8th. ValuEngine lowered shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a report on Friday, November 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $113.00 target price on shares of Prudential Financial in a report on Wednesday, January 9th. Zacks Investment Research lowered shares of Prudential Financial from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Evercore ISI raised shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 target price on the stock in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $114.19.

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Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

Read More: Net Margin

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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