Caroline Feeney Acquires 125 Shares of Prudential Financial, Inc. (NYSE:PRU) Stock

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) EVP Caroline Feeney acquired 125 shares of the firm's stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $115.90 per share, with a total value of $14,487.50. Following the transaction, the executive vice president now owns 11,410 shares in the company, valued at approximately $1,322,419. This trade represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Prudential Financial Price Performance

Prudential Financial stock traded up $1.08 during mid-day trading on Tuesday, reaching $114.32. 1,810,238 shares of the company were exchanged, compared to its average volume of 1,433,213. Prudential Financial, Inc. has a 12 month low of $104.45 and a 12 month high of $130.55. The company has a fifty day simple moving average of $113.51 and a 200-day simple moving average of $119.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $40.93 billion, a PE ratio of 15.30, a PEG ratio of 0.98 and a beta of 1.28.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (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%. As a group, equities research analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

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Prudential Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Tuesday, February 18th were paid a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 4.72%. Prudential Financial's dividend payout ratio (DPR) is 72.29%.

Hedge Funds Weigh In On Prudential Financial

Institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in Prudential Financial by 0.6% in the 4th quarter. Savant Capital LLC now owns 14,382 shares of the financial services provider's stock worth $1,705,000 after purchasing an additional 83 shares in the last quarter. Grove Bank & Trust boosted 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. HBK Sorce Advisory LLC grew its holdings in Prudential Financial by 1.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 9,417 shares of the financial services provider's stock worth $1,116,000 after acquiring an additional 91 shares during the last quarter. Asset Dedication LLC increased its position in Prudential Financial by 28.4% in the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 93 shares during the period. Finally, Altman Advisors Inc. raised its stake in shares of Prudential Financial by 0.6% during the fourth quarter. Altman Advisors Inc. now owns 16,087 shares of the financial services provider's stock valued at $1,907,000 after acquiring an additional 94 shares during the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PRU. Barclays boosted 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. Wells Fargo & Company boosted their target price on Prudential Financial from $113.00 to $118.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their price objective 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. BMO Capital Markets began coverage on shares of Prudential Financial in a research note on Thursday, January 23rd. They set an "underperform" rating and a $101.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Prudential Financial from $129.00 to $125.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $126.15.

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.