Cahill Financial Advisors Inc. Takes $351,000 Position in Prudential Financial, Inc. (NYSE:PRU)

Cahill Financial Advisors Inc. acquired a new position in Prudential Financial, Inc. (NYSE:PRU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,959 shares of the financial services provider's stock, valued at approximately $351,000.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust increased its stake in Prudential Financial by 65.9% in the 4th 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 during the last quarter. Centricity Wealth Management LLC bought a new stake in Prudential Financial during the fourth quarter worth $29,000. CGC Financial Services LLC grew its stake in Prudential Financial by 82.1% in the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 124 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Prudential Financial during the 4th quarter worth $33,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Prudential Financial in the 4th quarter worth about $34,000. Institutional investors own 56.83% of the company's stock.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded up $2.42 on Thursday, hitting $103.65. 1,803,697 shares of the company traded hands, compared to its average volume of 1,614,937. Prudential Financial, Inc. has a 12-month low of $90.38 and a 12-month high of $130.55. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The company has a market cap of $36.74 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.98 and a beta of 1.07. The firm's 50-day simple moving average is $105.01 and its 200 day simple moving average is $114.83.

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

Prudential Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Tuesday, May 20th. Prudential Financial's dividend payout ratio (DPR) is presently 85.58%.

Insider Activity

In related news, major shareholder Insurance Co Of Ame Prudential bought 52,595 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of $28.52 per share, for a total transaction of $1,500,009.40. Following the acquisition, the insider now directly owns 139,987 shares of the company's stock, valued at $3,992,429.24. The trade was a 60.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew F. Sullivan sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total value of $635,880.00. Following the transaction, the executive vice president now 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. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Prudential Financial from $120.00 to $117.00 and set a "market perform" rating for the company in a research report on Wednesday. Piper Sandler lowered their price objective on Prudential Financial from $110.00 to $109.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company lifted their target price on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $121.92.

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.