Prudential Financial, Inc. (NYSE:PRU) SVP Sells 5,189 Shares

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) SVP Timothy L. Schmidt sold 5,189 shares of Prudential Financial stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.58, for a total value of $604,933.62. Following the completion of the sale, the senior vice president now directly owns 12,236 shares of the company's stock, valued at approximately $1,426,472.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Prudential Financial Stock Up 1.1 %

Shares of PRU stock traded up $1.28 on Thursday, hitting $117.97. The stock had a trading volume of 1,154,454 shares, compared to its average volume of 1,517,279. Prudential Financial, Inc. has a 52-week low of $77.87 and a 52-week high of $118.69. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 0.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.13. The stock's 50 day moving average is $112.65 and its 200-day moving average is $104.87.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.16 by ($0.04). Prudential Financial had a net margin of 3.76% and a return on equity of 15.50%. The firm had revenue of $15.01 billion during the quarter, compared to analysts' expectations of $14.50 billion. During the same period in the previous year, the company earned $2.66 earnings per share. The business's quarterly revenue was up 69.9% on a year-over-year basis. As a group, research analysts expect that Prudential Financial, Inc. will post 13.36 earnings per share for the current year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, May 20th. Prudential Financial's dividend payout ratio (DPR) is currently 88.44%.

Institutional Trading of Prudential Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Trust Co. lifted its holdings in Prudential Financial by 77.2% during the 4th quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider's stock worth $25,000 after buying an additional 105 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Prudential Financial during the fourth quarter worth $26,000. Headinvest LLC acquired a new position in Prudential Financial in the third quarter worth $27,000. Arlington Trust Co LLC raised its holdings in shares of Prudential Financial by 151.6% during the fourth quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider's stock worth $32,000 after purchasing an additional 185 shares during the period. Finally, Pineridge Advisors LLC bought a new position in shares of Prudential Financial in the 4th quarter worth about $36,000. Institutional investors own 56.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PRU. Wells Fargo & Company upped their price target on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Thursday, April 11th. Piper Sandler dropped their price objective on Prudential Financial from $125.00 to $121.00 and set a "neutral" rating for the company in a report on Monday. UBS Group boosted their price target on Prudential Financial from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. Raymond James downgraded Prudential Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, February 9th. Finally, Keefe, Bruyette & Woods boosted their target price on Prudential Financial from $112.00 to $118.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat, Prudential Financial has a consensus rating of "Hold" and an average target price of $111.08.

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.