Yousif Capital Management LLC Sells 8,606 Shares of Prudential Financial, Inc. (NYSE:PRU)

Yousif Capital Management LLC cut its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,197 shares of the financial services provider's stock after selling 8,606 shares during the period. Yousif Capital Management LLC's holdings in Prudential Financial were worth $6,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. E. Ohman J or Asset Management AB raised its holdings in Prudential Financial by 9.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 16,623 shares of the financial services provider's stock worth $1,970,000 after purchasing an additional 1,500 shares during the period. Mather Group LLC. raised its holdings in Prudential Financial by 67.0% in the fourth quarter. Mather Group LLC. now owns 1,291 shares of the financial services provider's stock worth $153,000 after purchasing an additional 518 shares during the period. Patron Partners LLC raised its holdings in Prudential Financial by 2.0% in the fourth quarter. Patron Partners LLC now owns 5,612 shares of the financial services provider's stock worth $665,000 after purchasing an additional 108 shares during the period. HHM Wealth Advisors LLC raised its holdings in Prudential Financial by 30.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 818 shares of the financial services provider's stock worth $97,000 after purchasing an additional 189 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Prudential Financial by 3.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 10,260 shares of the financial services provider's stock worth $1,216,000 after acquiring an additional 362 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the company's stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the purchase, 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 is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Performance

Shares of NYSE PRU traded down $0.42 during mid-day trading on Monday, reaching $112.40. 893,513 shares of the company were exchanged, compared to its average volume of 1,745,306. The company's 50-day simple moving average is $119.41 and its 200-day simple moving average is $120.23. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $40.02 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.00 and a beta of 1.31. Prudential Financial, Inc. has a twelve month low of $104.02 and a twelve month high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last posted 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%. As a group, research analysts predict that Prudential Financial, Inc. will post 14.38 earnings per share for the current year.

Prudential Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Tuesday, February 18th. This is a boost from Prudential Financial's previous quarterly dividend of $1.30. Prudential Financial's dividend payout ratio (DPR) is currently 69.61%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Prudential Financial in a research report on Thursday, January 23rd. They set an "underperform" rating and a $101.00 price objective for the company. Jefferies Financial Group increased 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. Piper Sandler decreased their target price on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. TD Cowen raised their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Prudential Financial from $135.00 to $129.00 and set a "market perform" rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $125.77.

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.