11,914 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC purchased a new position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,914 shares of the financial services provider's stock, valued at approximately $1,236,000.

A number of other large investors have also bought and sold shares of the business. Sanctuary Wealth Management L.L.C. bought a new position in Prudential Financial in the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new position in Prudential Financial in the 4th quarter valued at $26,000. Headinvest LLC bought a new position in Prudential Financial in the 3rd quarter valued at $27,000. Pacific Center for Financial Services bought a new position in Prudential Financial in the 1st quarter valued at $27,000. Finally, Coppell Advisory Solutions LLC bought a new position in Prudential Financial in the 2nd quarter valued at $28,000. 56.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $108.13, for a total value of $855,524.56. Following the sale, the senior vice president now owns 14,754 shares of the company's stock, valued at approximately $1,595,350.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Andrew F. Sullivan sold 7,685 shares of Prudential Financial stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total transaction of $857,415.45. Following the completion of the transaction, the executive vice president now owns 13,691 shares in the company, valued at $1,527,504.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $108.13, for a total value of $855,524.56. Following the transaction, the senior vice president now owns 14,754 shares of the company's stock, valued at approximately $1,595,350.02. The disclosure for this sale can be found here. Insiders have sold 29,255 shares of company stock valued at $3,215,664 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on PRU. JPMorgan Chase & Co. restated a "neutral" rating and issued a $118.00 price target (down from $119.00) on shares of Prudential Financial in a research report on Wednesday, January 3rd. UBS Group raised their price target on Prudential Financial from $108.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. Raymond James lowered Prudential Financial from a "strong-buy" rating to a "market perform" rating in a research report on Friday, February 9th. TheStreet upgraded Prudential Financial from a "c+" rating to an "a-" rating in a research report on Tuesday, February 6th. Finally, Piper Sandler raised their price target on Prudential Financial from $114.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $108.10.

Prudential Financial Trading Down 1.0 %

Prudential Financial stock traded down $1.18 during mid-day trading on Tuesday, hitting $114.30. 1,340,307 shares of the company's stock were exchanged, compared to its average volume of 1,533,513. The firm has a market capitalization of $41.03 billion, a P/E ratio of 17.26, a PEG ratio of 0.85 and a beta of 1.37. Prudential Financial, Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $118.69. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65. The company's 50 day simple moving average is $110.42 and its 200-day simple moving average is $102.22.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.09). Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The firm had revenue of $13.02 billion during the quarter, compared to analyst estimates of $12.99 billion. During the same period in the prior year, the business earned $2.42 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Prudential Financial, Inc. will post 13.39 earnings per share for the current year.

Prudential Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were paid a $1.30 dividend. This is an increase from Prudential Financial's previous quarterly dividend of $1.25. The ex-dividend date was Friday, February 16th. This represents a $5.20 annualized dividend and a dividend yield of 4.55%. Prudential Financial's dividend payout ratio (DPR) is currently 77.73%.

Prudential Financial 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.