TrinityPoint Wealth LLC Sells 352 Shares of Prudential Financial, Inc. (NYSE:PRU)

TrinityPoint Wealth LLC trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,371 shares of the financial services provider’s stock after selling 352 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Prudential Financial were worth $3,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. First Financial Corp IN grew its position in Prudential Financial by 13.7% in the fourth quarter. First Financial Corp IN now owns 848 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 102 shares in the last quarter. McIlrath & Eck LLC grew its position in Prudential Financial by 18.0% in the fourth quarter. McIlrath & Eck LLC now owns 670 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 102 shares in the last quarter. Cambridge Trust Co. grew its position in Prudential Financial by 77.2% in the fourth quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 105 shares in the last quarter. Mechanics Financial Corp grew its position in shares of Prudential Financial by 6.3% in the 4th quarter. Mechanics Financial Corp now owns 1,771 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 105 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Prudential Financial by 0.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,935 shares of the financial services provider’s stock valued at $3,934,000 after acquiring an additional 110 shares during the period. 56.83% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Timothy L. Schmidt sold 7,912 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total value of $855,524.56. Following the completion of the transaction, the senior vice president now directly owns 14,754 shares in the company, valued at approximately $1,595,350.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the sale, the senior vice president now directly owns 14,754 shares of the company’s stock, valued at approximately $1,595,350.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann M. Kappler sold 7,222 shares of Prudential Financial stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total transaction of $782,792.58. Following the sale, the executive vice president now directly owns 24,381 shares in the company, valued at $2,642,656.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,536 shares of company stock worth $19,245,606. 0.34% of the stock is currently owned by corporate insiders.

Prudential Financial Price Performance

Shares of Prudential Financial stock opened at $119.36 on Monday. Prudential Financial, Inc. has a twelve month low of $78.40 and a twelve month high of $121.39. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $114.68 and a two-hundred day simple moving average of $107.34. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.04). Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The business had revenue of $15.01 billion during the quarter, compared to analyst estimates of $14.50 billion. During the same quarter last year, the firm earned $2.66 EPS. Prudential Financial’s revenue for the quarter was up 69.9% compared to the same quarter last year. Analysts forecast that Prudential Financial, Inc. will post 13.4 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 21st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 20th. Prudential Financial’s payout ratio is presently 88.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Evercore ISI lifted their price objective on shares of Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. TheStreet raised shares of Prudential Financial from a “c+” rating to an “a-” rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Prudential Financial from $112.00 to $118.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group raised shares of Prudential Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $121.00 to $143.00 in a research report on Wednesday, May 22nd. Finally, Morgan Stanley lifted their price objective on shares of Prudential Financial from $109.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $115.25.

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.