Prudential Financial, Inc. (NYSE:PRU) Shares Purchased by Lido Advisors LLC

Lido Advisors LLC lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 114.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,435 shares of the financial services provider's stock after buying an additional 8,245 shares during the period. Lido Advisors LLC's holdings in Prudential Financial were worth $1,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PRU. Northern Trust Corp boosted its stake in shares of Prudential Financial by 23.7% in the 4th quarter. Northern Trust Corp now owns 4,686,690 shares of the financial services provider's stock worth $555,513,000 after buying an additional 897,916 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Prudential Financial by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 222,307 shares of the financial services provider's stock valued at $26,350,000 after purchasing an additional 7,495 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in Prudential Financial in the 4th quarter worth $38,000. Berger Financial Group Inc lifted its position in Prudential Financial by 1.2% during the fourth quarter. Berger Financial Group Inc now owns 47,755 shares of the financial services provider's stock valued at $5,660,000 after purchasing an additional 551 shares in the last quarter. Finally, Prosperity Consulting Group LLC grew its holdings in Prudential Financial by 42.3% during the fourth quarter. Prosperity Consulting Group LLC now owns 5,525 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 1,643 shares during the period. Hedge funds and other institutional investors own 56.83% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BMO Capital Markets initiated coverage on shares of Prudential Financial in a research note on Thursday, January 23rd. They set an "underperform" rating and a $101.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Prudential Financial from $108.00 to $113.00 and gave the company an "equal weight" rating in a research note on Tuesday. Barclays cut their price target on 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. Morgan Stanley lowered their price objective 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 on the stock in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $122.15.

Prudential Financial Trading Down 0.7 %

Shares of NYSE PRU traded down $0.68 during mid-day trading on Tuesday, reaching $101.99. The company had a trading volume of 1,047,452 shares, compared to its average volume of 1,607,216. The stock has a market cap of $36.15 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07. The business's 50-day moving average is $105.70 and its 200-day moving average is $115.17. Prudential Financial, Inc. has a 52 week low of $90.38 and a 52 week 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.

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 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 company had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period last year, the business posted $3.12 EPS. Prudential Financial's quarterly revenue was down 38.2% on a year-over-year basis. Equities analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

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.