apricus wealth LLC Sells 100 Shares of Prudential Financial, Inc. $PRU

apricus wealth LLC cut its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,077 shares of the financial services provider’s stock after selling 100 shares during the quarter. apricus wealth LLC’s holdings in Prudential Financial were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Prudential Financial by 3.7% during the fourth quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock worth $436,000 after buying an additional 133 shares during the last quarter. GAMMA Investing LLC grew its position in Prudential Financial by 1.9% during the 1st quarter. GAMMA Investing LLC now owns 7,771 shares of the financial services provider’s stock worth $868,000 after acquiring an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Prudential Financial by 3.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,888 shares of the financial services provider’s stock worth $8,922,000 after purchasing an additional 2,623 shares in the last quarter. Advisor Resource Council bought a new position in Prudential Financial in the first quarter valued at about $351,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Prudential Financial by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 104,725 shares of the financial services provider’s stock worth $11,696,000 after purchasing an additional 2,228 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Up 0.9%

Shares of Prudential Financial stock opened at $101.55 on Tuesday. The stock’s 50-day moving average is $105.02 and its 200 day moving average is $104.14. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 0.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter. The firm had revenue of $8.35 billion for the quarter. Prudential Financial had a return on equity of 15.80% and a net margin of 2.75%. Equities research analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Prudential Financial’s payout ratio is 119.73%.

Insider Activity

In other news, EVP Ann M. Kappler sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $109.65, for a total value of $438,600.00. Following the completion of the sale, the executive vice president directly owned 21,506 shares in the company, valued at $2,358,132.90. This trade represents a 15.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on PRU. Wolfe Research began coverage on shares of Prudential Financial in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Morgan Stanley increased their price objective on Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wall Street Zen raised Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company decreased their price target on Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 16th. Finally, Piper Sandler cut their price objective on Prudential Financial from $109.00 to $108.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $122.27.

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.