2,580 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by Griffith & Werner Inc.

Griffith & Werner Inc. bought a new stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,580 shares of the financial services provider's stock, valued at approximately $306,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Prudential Financial by 11.0% in the third quarter. Barclays PLC now owns 1,062,776 shares of the financial services provider's stock valued at $128,700,000 after buying an additional 105,089 shares during the period. Avior Wealth Management LLC lifted its position in shares of Prudential Financial by 1.5% in the 4th quarter. Avior Wealth Management LLC now owns 8,250 shares of the financial services provider's stock worth $978,000 after acquiring an additional 124 shares during the period. Hengehold Capital Management LLC grew its holdings in shares of Prudential Financial by 0.7% during the 4th quarter. Hengehold Capital Management LLC now owns 41,038 shares of the financial services provider's stock worth $4,864,000 after purchasing an additional 278 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Prudential Financial by 3.7% during the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider's stock worth $436,000 after purchasing an additional 133 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Prudential Financial by 2.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,784 shares of the financial services provider's stock valued at $449,000 after purchasing an additional 99 shares in the last quarter. 56.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PRU shares. JPMorgan Chase & Co. cut their price target on shares of Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. UBS Group lowered their price target on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods cut their price objective on Prudential Financial from $120.00 to $117.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Barclays lowered their target price on shares of Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler cut their price target on shares of Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Prudential Financial presently has an average rating of "Hold" and a consensus price target of $120.15.

Prudential Financial Stock Performance

Shares of PRU stock traded up $2.63 on Tuesday, reaching $104.55. The stock had a trading volume of 1,970,685 shares, compared to its average volume of 1,628,447. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $130.55. The firm's 50-day moving average is $104.14 and its two-hundred day moving average is $113.12. The firm has a market capitalization of $37.01 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.98 and a beta of 1.07.

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

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, May 20th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $5.40 dividend on an annualized basis and a yield of 5.16%. Prudential Financial's dividend payout ratio (DPR) is currently 85.58%.

Insider Activity at Prudential Financial

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

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.