Affinity Investment Advisors LLC trimmed its position in Prudential Financial Inc (NYSE:PRU) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,031 shares of the financial services provider’s stock after selling 12,051 shares during the period. Affinity Investment Advisors LLC’s holdings in Prudential Financial were worth $6,527,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of PRU. Schroder Investment Management Group grew its stake in shares of Prudential Financial by 79.0% during the 2nd quarter. Schroder Investment Management Group now owns 96,063 shares of the financial services provider’s stock worth $8,991,000 after purchasing an additional 42,405 shares during the period. FMR LLC grew its stake in shares of Prudential Financial by 14.7% during the 2nd quarter. FMR LLC now owns 924,470 shares of the financial services provider’s stock worth $86,447,000 after purchasing an additional 118,820 shares during the period. Zweig DiMenna Associates LLC grew its stake in shares of Prudential Financial by 3,960.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 101,514 shares of the financial services provider’s stock worth $10,285,000 after purchasing an additional 99,014 shares during the period. Somerville Kurt F acquired a new position in shares of Prudential Financial during the 3rd quarter worth $205,000. Finally, Affiance Financial LLC acquired a new position in shares of Prudential Financial during the 3rd quarter worth $213,000. 66.23% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on PRU. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $115.00 price target on shares of Prudential Financial in a research note on Monday, December 17th. Zacks Investment Research cut shares of Prudential Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Morgan Stanley lowered their price target on shares of Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 8th. Wells Fargo & Co began coverage on shares of Prudential Financial in a research note on Tuesday, January 8th. They set an “outperform” rating and a $105.00 price target on the stock. Finally, ValuEngine cut shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $114.19.
Shares of NYSE PRU opened at $91.50 on Tuesday. The stock has a market capitalization of $37.85 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41. Prudential Financial Inc has a 52 week low of $75.61 and a 52 week high of $113.03. 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 (NYSE:PRU) last issued its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $2.44 EPS for the quarter, missing the Zacks’ consensus estimate of $2.88 by ($0.44). The business had revenue of $17.78 billion during the quarter, compared to analyst estimates of $14.03 billion. Prudential Financial had a net margin of 7.01% and a return on equity of 10.20%. During the same period in the previous year, the company posted $2.69 earnings per share. As a group, equities research analysts expect that Prudential Financial Inc will post 12.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Wednesday, February 20th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.37%. This is a boost from Prudential Financial’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, February 19th. Prudential Financial’s dividend payout ratio is presently 30.80%.
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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.
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