Consolidated Portfolio Review Corp Purchases 3,342 Shares of Prudential Financial, Inc. (NYSE:PRU)

Consolidated Portfolio Review Corp increased its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,773 shares of the financial services provider's stock after purchasing an additional 3,342 shares during the period. Consolidated Portfolio Review Corp's holdings in Prudential Financial were worth $3,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC lifted its holdings in shares of 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 valued at $1,116,000 after purchasing an additional 91 shares in the last quarter. Altman Advisors Inc. lifted its position in Prudential Financial by 0.6% during the fourth quarter. Altman Advisors Inc. now owns 16,087 shares of the financial services provider's stock valued at $1,907,000 after purchasing an additional 94 shares during the period. Brown Brothers Harriman & Co. grew its position in Prudential Financial by 7.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,506 shares of the financial services provider's stock worth $179,000 after purchasing an additional 98 shares during the period. SPC Financial Inc. boosted its stake in shares of Prudential Financial by 2.7% in the 4th quarter. SPC Financial Inc. now owns 3,873 shares of the financial services provider's stock worth $459,000 after buying an additional 100 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Prudential Financial by 3.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,738 shares of the financial services provider's stock worth $306,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 56.83% of the company's stock.

Insider Buying and Selling at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential bought 1,675,978 shares of the stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of $28.64 per share, for a total transaction of $48,000,009.92. Following the transaction, the insider now owns 3,168,461 shares of the company's stock, valued at $90,744,723.04. The trade was a 112.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company's stock.

Prudential Financial Stock Performance

NYSE:PRU opened at $105.74 on Tuesday. The stock has a 50-day moving average price of $103.53 and a 200 day moving average price of $109.94. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.65. Prudential Financial, Inc. has a 12-month low of $90.38 and a 12-month high of $130.55. The stock has a market capitalization of $37.43 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.00 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.18 by $0.11. Prudential Financial had a net margin of 3.84% and a return on equity of 15.84%. The business had revenue of $13.61 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the firm posted $3.12 EPS. The company's revenue was down 38.2% on a year-over-year basis. Equities research analysts forecast 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 was paid on Thursday, June 12th. Shareholders of record on Tuesday, May 20th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 5.11%. The ex-dividend date was Tuesday, May 20th. Prudential Financial's payout ratio is currently 85.58%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Prudential Financial from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Morgan Stanley upped their target price on shares of Prudential Financial from $108.00 to $117.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Prudential Financial from a "sell" rating to a "hold" rating in a research note on Monday, June 16th. Finally, UBS Group reduced their price objective on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $120.15.

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.

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