Public Employees Retirement Association of Colorado Has $5.59 Million Stock Holdings in Prudential Financial, Inc. (NYSE:PRU)

Public Employees Retirement Association of Colorado trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,148 shares of the financial services provider's stock after selling 2,777 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Prudential Financial were worth $5,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Berger Financial Group Inc increased its stake in shares of Prudential Financial by 1.2% during the 4th quarter. Berger Financial Group Inc now owns 47,755 shares of the financial services provider's stock worth $5,660,000 after purchasing an additional 551 shares during the last quarter. Prosperity Consulting Group LLC raised 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 buying an additional 1,643 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Prudential Financial in the fourth quarter worth about $12,624,000. Bolthouse Investments LLC bought a new stake in shares of Prudential Financial during the 4th quarter worth about $221,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Prudential Financial during the 4th quarter valued at about $13,563,000. Institutional investors own 56.83% of the company's stock.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded down $0.98 during trading on Thursday, hitting $101.73. 2,730,386 shares of the company's stock traded hands, compared to its average volume of 1,607,635. Prudential Financial, Inc. has a twelve month low of $90.38 and a twelve month high of $130.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $36.06 billion, a PE ratio of 13.62, a PEG ratio of 0.98 and a beta of 1.11. The firm's fifty day moving average price is $106.21 and its 200 day moving average price is $115.83.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.11. The company had revenue of $13.61 billion for the quarter, compared to analyst estimates of $14.76 billion. Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. The company's revenue was down 38.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.12 EPS. Analysts forecast that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.31%. Prudential Financial's dividend payout ratio (DPR) is presently 72.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PRU shares. Piper Sandler decreased their target price on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of Prudential Financial from $128.00 to $126.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company decreased their price target on shares of Prudential Financial from $118.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Morgan Stanley dropped their price objective on Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, BMO Capital Markets began coverage on Prudential Financial in a report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued 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 stock presently has an average rating of "Hold" and an average price target of $121.85.

Insider Activity

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

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.