Callan Family Office LLC Has $804,000 Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Callan Family Office LLC grew its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 250.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,781 shares of the financial services provider's stock after purchasing an additional 4,846 shares during the period. Callan Family Office LLC's holdings in Prudential Financial were worth $804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Welch & Forbes LLC bought a new position in Prudential Financial in the 4th quarter worth about $220,000. Inceptionr LLC bought a new position in Prudential Financial in the 4th quarter worth about $249,000. Raymond James Financial Inc. bought a new position in shares of Prudential Financial in the fourth quarter valued at approximately $76,303,000. First Business Financial Services Inc. boosted its holdings in shares of Prudential Financial by 6.6% in the fourth quarter. First Business Financial Services Inc. now owns 18,528 shares of the financial services provider's stock valued at $2,196,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new position in shares of Prudential Financial in the fourth quarter valued at approximately $242,000. Institutional investors own 56.83% of the company's stock.

Prudential Financial Trading Down 5.6 %

Shares of NYSE:PRU traded down $6.19 during mid-day trading on Monday, hitting $105.05. The stock had a trading volume of 1,372,286 shares, compared to its average volume of 1,427,986. 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 company has a market cap of $37.61 billion, a PE ratio of 14.08, a P/E/G ratio of 0.98 and a beta of 1.28. Prudential Financial, Inc. has a 12-month low of $104.45 and a 12-month high of $130.55. The company's 50 day moving average is $115.53 and its 200-day moving average is $119.78.

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Prudential Financial (NYSE:PRU - Get Free Report) last released its earnings results 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 return on equity of 15.86% and a net margin of 4.01%. On average, sell-side analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The business 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 $1.35 dividend. This is an increase from Prudential Financial's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.40 dividend on an annualized basis and a yield of 5.14%. Prudential Financial's dividend payout ratio is presently 72.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased 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 report on Wednesday, February 12th. Jefferies Financial Group increased their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays increased their price objective on shares of Prudential Financial from $128.00 to $134.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Evercore ISI upgraded shares of Prudential Financial from an "underperform" rating to an "inline" rating and raised their target price for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $126.15.

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.