Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC reduced its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,350 shares of the financial services provider's stock after selling 2,350 shares during the period. Autumn Glory Partners LLC's holdings in Prudential Financial were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in Prudential Financial by 65.9% during the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock worth $26,000 after acquiring an additional 87 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Prudential Financial in the third quarter valued at $31,000. CGC Financial Services LLC boosted its stake in Prudential Financial by 82.1% during the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 124 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Prudential Financial in the 4th quarter valued at $33,000. Finally, Quarry LP boosted its holdings in Prudential Financial by 376.3% during the third quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 56.83% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the purchase, the insider now owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Down 0.2 %

Shares of PRU stock traded down $0.20 during trading hours on Wednesday, reaching $111.59. 1,475,382 shares of the company's stock were exchanged, compared to its average volume of 1,705,937. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.99 and a beta of 1.31. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average is $117.46 and its 200-day moving average is $119.71. Prudential Financial, Inc. has a fifty-two week low of $104.44 and a fifty-two week high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. Analysts predict that Prudential Financial, Inc. will post 14.34 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.84%. Prudential Financial's payout ratio is presently 69.61%.

Analyst Ratings Changes

Several brokerages have weighed in on PRU. Wells Fargo & Company increased their price objective on Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a report on Wednesday. Evercore ISI upgraded shares of Prudential Financial from an "underperform" rating to an "inline" rating and boosted their price target for the company from $117.00 to $140.00 in a research report on Thursday, November 14th. BMO Capital Markets assumed coverage on shares of Prudential Financial in a research note on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 price target for the company. Keefe, Bruyette & Woods dropped their target price on Prudential Financial from $129.00 to $125.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group raised their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One 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. Based on data from MarketBeat, Prudential Financial currently has an average rating of "Hold" and a consensus price target of $125.69.

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.