Prudential Financial, Inc. (NYSE:PRU) Holdings Raised by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 270.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,227 shares of the financial services provider's stock after acquiring an additional 5,278 shares during the quarter. Fiduciary Alliance LLC's holdings in Prudential Financial were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Prudential Financial in the 3rd quarter valued at about $31,000. 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 valued at $34,000 after buying an additional 222 shares during the last quarter. Tompkins Financial Corp grew its position in shares of Prudential Financial by 61.7% during the 3rd quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider's stock valued at $44,000 after buying an additional 140 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Prudential Financial by 235.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 379 shares of the financial services provider's stock valued at $46,000 after buying an additional 266 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Prudential Financial during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 56.83% of the company's stock.

Insider Activity at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the business's stock in a transaction on Monday, November 25th. The stock was 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 $133,465,780.56. This represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Prudential Financial Price Performance

PRU stock traded up $1.37 on Tuesday, hitting $117.66. 1,363,782 shares of the company's stock traded hands, compared to its average volume of 1,322,582. Prudential Financial, Inc. has a 1-year low of $100.60 and a 1-year high of $130.55. The stock has a market cap of $41.89 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 0.87 and a beta of 1.31. The stock has a fifty day moving average of $122.43 and a 200-day moving average of $120.66. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60.

Prudential Financial (NYSE:PRU - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. The business had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same period in the prior year, the business earned $3.44 earnings per share. On average, analysts forecast that Prudential Financial, Inc. will post 13.35 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were given a $1.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 annualized dividend and a dividend yield of 4.42%. Prudential Financial's dividend payout ratio (DPR) is presently 46.22%.

Wall Street Analysts Forecast Growth

PRU has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Prudential Financial from $121.00 to $127.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. 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. Jefferies Financial Group upped their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Barclays upped their target price on shares of Prudential Financial from $119.00 to $129.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their target price on shares of Prudential Financial from $117.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $127.00.

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.