59,020 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new position in shares of Prudential Financial, Inc. (NYSE:PRU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,020 shares of the financial services provider’s stock, valued at approximately $6,121,000.

A number of other large investors have also recently added to or reduced their stakes in PRU. Morgan Stanley boosted its holdings in Prudential Financial by 0.9% during the 3rd quarter. Morgan Stanley now owns 6,317,338 shares of the financial services provider’s stock valued at $599,452,000 after acquiring an additional 57,531 shares during the period. Northern Trust Corp raised its stake in shares of Prudential Financial by 4.8% during the 3rd quarter. Northern Trust Corp now owns 4,353,086 shares of the financial services provider’s stock worth $413,064,000 after buying an additional 197,422 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Prudential Financial by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,273,916 shares of the financial services provider’s stock worth $215,772,000 after purchasing an additional 38,229 shares in the last quarter. International Assets Investment Management LLC grew its position in Prudential Financial by 9,281.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,368,839 shares of the financial services provider’s stock worth $141,962,000 after buying an additional 1,354,248 shares during the period. Finally, FMR LLC boosted its position in Prudential Financial by 2.9% during the third quarter. FMR LLC now owns 1,315,215 shares of the financial services provider’s stock worth $124,801,000 after purchasing an additional 36,599 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Prudential Financial

In related news, 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 of the company’s stock, valued at approximately $2,642,656.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Ann M. Kappler sold 7,222 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total value of $782,792.58. Following the transaction, the executive vice president now owns 24,381 shares in the company, valued at approximately $2,642,656.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Axel sold 6,436 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $111.86, for a total value of $719,930.96. Following the transaction, the senior vice president now owns 7,901 shares in the company, valued at $883,805.86. The disclosure for this sale can be found here. Insiders have sold 29,255 shares of company stock valued at $3,215,664 over the last three months. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

PRU has been the subject of several recent analyst reports. TheStreet raised shares of Prudential Financial from a “c+” rating to an “a-” rating in a research note on Tuesday, February 6th. UBS Group upped their price objective on shares of Prudential Financial from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company upped their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Evercore ISI lifted their price objective on shares of Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a report on Thursday, April 25th. Finally, Morgan Stanley increased their price objective on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.42.

Prudential Financial Stock Up 0.9 %

PRU stock traded up $0.97 during trading hours on Friday, reaching $112.26. 1,028,916 shares of the stock were exchanged, compared to its average volume of 1,460,168. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $40.30 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.83 and a beta of 1.35. The firm’s 50-day moving average is $112.14 and its 200-day moving average is $104.33. Prudential Financial, Inc. has a 12 month low of $77.22 and a 12 month high of $118.69.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.04). The firm had revenue of $15.01 billion during the quarter, compared to analyst estimates of $14.50 billion. Prudential Financial had a net margin of 3.76% and a return on equity of 15.50%. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. During the same quarter last year, the business posted $2.66 earnings per share. On average, equities research analysts expect that Prudential Financial, Inc. will post 13.36 earnings per share for the current year.

Prudential Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.63%. This is an increase from Prudential Financial’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, February 16th. Prudential Financial’s dividend payout ratio is presently 88.44%.

Prudential Financial 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.