Schonfeld Strategic Advisors LLC Buys 74,602 Shares of Prudential Financial, Inc. (NYSE:PRU)

Schonfeld Strategic Advisors LLC grew its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 1,198.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,827 shares of the financial services provider's stock after buying an additional 74,602 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Prudential Financial were worth $9,580,000 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. Barclays PLC boosted its stake in Prudential Financial by 11.0% during the 3rd quarter. Barclays PLC now owns 1,062,776 shares of the financial services provider's stock valued at $128,700,000 after purchasing an additional 105,089 shares during the period. World Investment Advisors LLC increased its stake in Prudential Financial by 4.8% during the third quarter. World Investment Advisors LLC now owns 2,792 shares of the financial services provider's stock valued at $338,000 after acquiring an additional 127 shares during the period. Arvest Bank Trust Division bought a new stake in shares of Prudential Financial in the 3rd quarter worth approximately $2,294,000. Tidal Investments LLC increased its position in shares of Prudential Financial by 22.5% during the third quarter. Tidal Investments LLC now owns 18,967 shares of the financial services provider's stock valued at $2,297,000 after purchasing an additional 3,483 shares during the period. Finally, Synovus Financial Corp raised its stake in shares of Prudential Financial by 22.1% in the third quarter. Synovus Financial Corp now owns 3,004 shares of the financial services provider's stock valued at $364,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 56.83% of the company's stock.

Prudential Financial Stock Up 0.4 %

Prudential Financial stock traded up $0.36 during midday trading on Tuesday, reaching $103.03. The stock had a trading volume of 373,367 shares, compared to its average volume of 1,603,860. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16. The firm's fifty day simple moving average is $105.70 and its 200-day simple moving average is $115.17. The stock has a market capitalization of $36.52 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results 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 net margin of 4.01% and a return on equity of 15.86%. The business had revenue of $13.61 billion during the quarter, compared to analysts' expectations of $14.76 billion. During the same quarter in the prior year, the company posted $3.12 earnings per share. The firm's revenue was down 38.2% on a year-over-year basis. As a group, analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PRU. Wells Fargo & Company lifted their price target on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of Prudential Financial from $125.00 to $120.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. BMO Capital Markets initiated coverage on shares of Prudential Financial in a report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 price target for the company. Barclays reduced their price target on Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Prudential Financial presently has an average rating of "Hold" and a consensus target price of $122.15.

Insider Buying and Selling at Prudential Financial

In other news, EVP Andrew F. Sullivan sold 6,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 27,072 shares of the company's stock, valued at $2,869,090.56. This trade represents a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Insurance Co Of Ame Prudential purchased 87,047 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $28.72 per share, for a total transaction of $2,499,989.84. Following the purchase, the insider now owns 87,047 shares in the company, valued at $2,499,989.84. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

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.