Goldstone Financial Group LLC Has $445,000 Stake in Prudential Financial, Inc. (NYSE:PRU)

Goldstone Financial Group LLC boosted its position in Prudential Financial, Inc. (NYSE:PRU) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,754 shares of the financial services provider’s stock after purchasing an additional 229 shares during the quarter. Goldstone Financial Group LLC’s holdings in Prudential Financial were worth $445,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC boosted its position in Prudential Financial by 1.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider’s stock valued at $891,000 after acquiring an additional 89 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in shares of Prudential Financial by 3.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 97 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Prudential Financial by 2.7% in the 3rd quarter. UMB Bank n.a. now owns 3,660 shares of the financial services provider’s stock valued at $443,000 after buying an additional 97 shares during the period. Pure Financial Advisors LLC raised its stake in Prudential Financial by 2.7% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,748 shares of the financial services provider’s stock worth $454,000 after buying an additional 97 shares during the period. Finally, Hardy Reed LLC boosted its holdings in Prudential Financial by 1.6% in the third quarter. Hardy Reed LLC now owns 6,202 shares of the financial services provider’s stock worth $751,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Insider Transactions at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of Prudential Financial stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the completion of the transaction, the insider now owns 4,780,293 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PRU shares. Wells Fargo & Company decreased their price objective on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday. Bank of America upped their price objective on shares of Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a report 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. 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 report on Monday, January 6th. Finally, Evercore ISI raised Prudential Financial from an “underperform” rating to an “inline” rating and increased their price objective for the stock from $117.00 to $140.00 in a research note on Thursday, November 14th. Eleven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Prudential Financial currently has a consensus rating of “Hold” and a consensus price target of $127.42.

Prudential Financial Stock Performance

NYSE PRU opened at $118.47 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $42.17 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.75 and a beta of 1.31. Prudential Financial, Inc. has a 52-week low of $100.60 and a 52-week high of $130.55. The company has a 50-day simple moving average of $122.23 and a 200 day simple moving average of $120.66.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter in the prior year, the business earned $3.44 earnings per share. On average, research analysts predict that Prudential Financial, Inc. will post 13.34 EPS for the current year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 4.39%. Prudential Financial’s dividend payout ratio is presently 46.22%.

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.