282 Shares in Prudential Financial, Inc. (NYSE:PRU) Bought by Crewe Advisors LLC

Crewe Advisors LLC purchased a new position in Prudential Financial, Inc. (NYSE:PRU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 282 shares of the financial services provider’s stock, valued at approximately $33,000.

A number of other hedge funds also recently modified their holdings of the stock. Natixis increased its position in shares of Prudential Financial by 815.4% in the first quarter. Natixis now owns 129,959 shares of the financial services provider’s stock worth $15,257,000 after purchasing an additional 115,762 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Prudential Financial by 10.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,000 shares of the financial services provider’s stock worth $19,371,000 after purchasing an additional 15,000 shares during the period. National Bank of Canada FI increased its position in shares of Prudential Financial by 44.9% in the first quarter. National Bank of Canada FI now owns 230,044 shares of the financial services provider’s stock worth $27,327,000 after purchasing an additional 71,274 shares during the period. Lake Street Advisors Group LLC increased its position in shares of Prudential Financial by 33.4% in the first quarter. Lake Street Advisors Group LLC now owns 3,711 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 929 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in Prudential Financial by 300.1% in the first quarter. UniSuper Management Pty Ltd now owns 13,036 shares of the financial services provider’s stock valued at $1,530,000 after acquiring an additional 9,778 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Down 0.2 %

Shares of Prudential Financial stock traded down $0.30 during midday trading on Thursday, reaching $123.08. The company had a trading volume of 1,140,985 shares, compared to its average volume of 1,449,241. The stock has a fifty day moving average price of $119.14 and a 200 day moving average price of $113.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $44.19 billion, a PE ratio of 20.93, a P/E/G ratio of 0.97 and a beta of 1.34. Prudential Financial, Inc. has a fifty-two week low of $87.95 and a fifty-two week high of $128.52.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). The company had revenue of $15.01 billion during the quarter, compared to analyst estimates of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. Prudential Financial’s revenue was up 69.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.66 earnings per share. On average, equities analysts anticipate that Prudential Financial, Inc. will post 13.38 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Monday, May 20th. Prudential Financial’s dividend payout ratio is currently 88.44%.

Insider Buying and Selling

In other Prudential Financial news, SVP Timothy L. Schmidt sold 5,189 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the transaction, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at $1,426,472.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Insurance Co Of Ame Prudential purchased 652,884 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average price of $27.57 per share, for a total transaction of $18,000,011.88. Following the completion of the acquisition, the insider now owns 3,883,390 shares of the company’s stock, valued at approximately $107,065,062.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy L. Schmidt sold 5,189 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the sale, the senior vice president now owns 12,236 shares of the company’s stock, valued at approximately $1,426,472.88. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PRU has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Prudential Financial from $118.00 to $121.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. lifted their target price on Prudential Financial from $118.00 to $128.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company lifted their target price on Prudential Financial from $100.00 to $106.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Citigroup lifted their target price on Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Evercore ISI lifted their target price on Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Prudential Financial has a consensus rating of “Hold” and an average target price of $116.92.

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.