Cypress Advisory Group LLC Acquires Shares of 3,992 Prudential Financial, Inc. (NYSE:PRU)

Cypress Advisory Group LLC purchased a new position in Prudential Financial, Inc. (NYSE:PRU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,992 shares of the financial services provider's stock, valued at approximately $473,000.

Several other hedge funds have also modified their holdings of the stock. Savant Capital LLC raised its position in shares of Prudential Financial by 0.6% in the 4th quarter. Savant Capital LLC now owns 14,382 shares of the financial services provider's stock worth $1,705,000 after buying an additional 83 shares during the period. Grove Bank & Trust raised its stake in Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock valued at $26,000 after buying an additional 87 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Prudential Financial by 1.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 9,417 shares of the financial services provider's stock worth $1,116,000 after purchasing an additional 91 shares during the last quarter. Asset Dedication LLC lifted its position in shares of Prudential Financial by 28.4% in the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider's stock worth $50,000 after buying an additional 93 shares during the last quarter. Finally, Altman Advisors Inc. grew its position in shares of Prudential Financial by 0.6% during the 4th quarter. Altman Advisors Inc. now owns 16,087 shares of the financial services provider's stock valued at $1,907,000 after buying an additional 94 shares during the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRU has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. UBS Group reduced their price objective on shares of Prudential Financial from $130.00 to $122.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Prudential Financial in a report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 price objective for the company. Morgan Stanley lowered their price target on Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $122.15.

Insiders Place Their Bets

In related news, major shareholder Insurance Co Of Ame Prudential acquired 87,047 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $28.72 per share, with a total value of $2,499,989.84. Following the acquisition, the insider now directly owns 87,047 shares in the company, valued at $2,499,989.84. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew F. Sullivan sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $105.98, for a total transaction of $635,880.00. Following the completion of the transaction, the executive vice president now directly owns 27,072 shares in the company, valued at approximately $2,869,090.56. The trade was a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.

Prudential Financial Stock Performance

Shares of NYSE PRU traded down $0.40 during trading hours on Tuesday, hitting $102.27. 729,550 shares of the company's stock were exchanged, compared to its average volume of 1,605,352. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.98 and a beta of 1.07. The company's 50-day moving average price is $105.70 and its 200-day moving average price is $115.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.11. The company had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $14.76 billion. Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. The firm's revenue for the quarter was down 38.2% compared to the same quarter last year. During the same period last year, the firm earned $3.12 EPS. On average, sell-side analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

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.