Burney Co. Grows Position in Prudential Financial, Inc. (NYSE:PRU)

Burney Co. grew its holdings in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,769 shares of the financial services provider's stock after buying an additional 2,248 shares during the period. Burney Co.'s holdings in Prudential Financial were worth $3,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Prudential Financial in the 3rd quarter worth approximately $31,000. Quarry LP lifted its holdings in shares of Prudential Financial by 376.3% in the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after acquiring an additional 222 shares during the last quarter. Tompkins Financial Corp boosted its stake 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 worth $44,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. grew its holdings in 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 purchasing an additional 266 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Prudential Financial in the 3rd quarter worth about $48,000. 56.83% of the stock is owned by institutional investors.

Prudential Financial Stock Down 1.3 %

Shares of NYSE PRU traded down $1.59 during midday trading on Thursday, reaching $118.47. 2,299,960 shares of the company's stock traded hands, compared to its average volume of 1,430,986. The company has a market cap of $42.17 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.75 and a beta of 1.31. Prudential Financial, Inc. has a one year low of $100.60 and a one year high of $130.55. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $122.23 and its 200-day simple moving average is $120.66.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.01. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. The business had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business posted $3.44 EPS. On average, analysts predict that Prudential Financial, Inc. will post 13.34 EPS 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial's dividend payout ratio is currently 46.22%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRU shares. Keefe, Bruyette & Woods cut their target price on Prudential Financial from $135.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their target price on Prudential Financial from $117.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Bank of America boosted their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. TD Cowen lifted their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, Evercore ISI upgraded shares of Prudential Financial from an "underperform" rating to an "inline" rating and upped their target price for the stock from $117.00 to $140.00 in a research note on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $127.42.

Insider Transactions at Prudential Financial

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 purchased at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the transaction, the insider now directly owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This trade represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% 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.