Bank of Jackson Hole Trust Takes $413,000 Position in Prudential Financial, Inc. (NYSE:PRU)

Bank of Jackson Hole Trust bought a new stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,485 shares of the financial services provider's stock, valued at approximately $413,000.

Other large investors also recently made changes to their positions in the company. Grove Bank & Trust increased its position 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 buying an additional 87 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Prudential Financial in the third quarter valued at about $31,000. CGC Financial Services LLC increased its position in Prudential Financial by 82.1% during the fourth quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock worth $33,000 after acquiring an additional 124 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Prudential Financial in the 4th quarter worth about $33,000. Finally, Quarry LP grew its position in shares of Prudential Financial by 376.3% during the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 56.83% of the company's stock.

Prudential Financial Price Performance

PRU traded down $1.68 on Friday, reaching $109.45. The stock had a trading volume of 1,575,421 shares, compared to its average volume of 1,697,518. 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 company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. Prudential Financial, Inc. has a fifty-two week low of $104.44 and a fifty-two week high of $130.55. The firm has a 50-day moving average of $117.10 and a 200-day moving average of $119.59.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.34 EPS for the current year.

Prudential Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Tuesday, February 18th. This is an increase from Prudential Financial's previous quarterly dividend of $1.30. Prudential Financial's dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PRU. BMO Capital Markets assumed coverage on shares of Prudential Financial in a research report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 price target for the company. Jefferies Financial Group upped their target price on Prudential Financial from $149.00 to $152.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays raised their price target on Prudential Financial from $128.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective on shares of 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, Wells Fargo & Company boosted their target price on shares of Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a research report on Wednesday. One research 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's stock. According to MarketBeat, Prudential Financial presently has an average rating of "Hold" and an average target price of $125.69.

Insiders Place Their Bets

In other Prudential Financial 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 shares were bought at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the transaction, the insider now directly owns 4,780,293 shares in the company, valued at approximately $133,465,780.56. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.31% of the company's stock.

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.