2,400 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by Constitution Capital LLC

Constitution Capital LLC acquired a new position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,400 shares of the financial services provider's stock, valued at approximately $284,000.

Other institutional investors also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC lifted its holdings in shares of Prudential Financial by 1.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider's stock worth $891,000 after purchasing an additional 89 shares during the period. Daymark Wealth Partners LLC raised its position in Prudential Financial by 3.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider's stock worth $317,000 after buying an additional 97 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Prudential Financial by 2.7% in the third quarter. UMB Bank n.a. now owns 3,660 shares of the financial services provider's stock valued at $443,000 after acquiring an additional 97 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Prudential Financial by 2.7% during the third quarter. Pure Financial Advisors LLC now owns 3,748 shares of the financial services provider's stock worth $454,000 after acquiring an additional 97 shares during the period. Finally, Hardy Reed LLC raised its holdings in Prudential Financial by 1.6% during the third quarter. Hardy Reed LLC now owns 6,202 shares of the financial services provider's stock worth $751,000 after purchasing an additional 98 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded up $0.58 during trading on Friday, hitting $118.98. 1,525,734 shares of the company were exchanged, compared to its average volume of 1,439,594. The firm has a 50 day moving average price of $122.12 and a 200 day moving average price of $120.65. The stock has a market capitalization of $42.36 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.75 and a beta of 1.31. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a fifty-two week low of $100.60 and a fifty-two week high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.01. The business had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the prior year, the business earned $3.44 earnings per share. On average, equities analysts expect that Prudential Financial, Inc. will post 13.34 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.37%. Prudential Financial's dividend payout ratio (DPR) is presently 46.22%.

Insider Activity

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the completion of 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PRU. Keefe, Bruyette & Woods dropped their target price on Prudential Financial from $135.00 to $129.00 and set a "market perform" rating on the stock in a research report on Thursday. Bank of America increased their price objective on Prudential Financial from $109.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Piper Sandler decreased their target price on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating on the stock in a research report on Thursday. Jefferies Financial Group increased their price target 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. Finally, TD Cowen upped their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Eleven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Prudential Financial presently has an average rating of "Hold" and a consensus price target of $127.25.

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.