Prudential Financial, Inc. (NYSE:PRU) EVP Caroline Feeney Buys 125 Shares

Prudential Financial, Inc. (NYSE:PRU) EVP Caroline Feeney acquired 125 shares of Prudential Financial stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $115.90 per share, for a total transaction of $14,487.50. Following the completion of the purchase, the executive vice president now owns 11,410 shares of the company’s stock, valued at approximately $1,322,419. This represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Prudential Financial Stock Performance

NYSE:PRU traded down $0.43 during mid-day trading on Friday, reaching $110.35. 3,235,592 shares of the stock were exchanged, compared to its average volume of 1,432,296. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. Prudential Financial, Inc. has a 1 year low of $104.45 and a 1 year high of $130.55. The company has a 50 day simple moving average of $113.65 and a 200-day simple moving average of $119.12. The stock has a market capitalization of $39.51 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.98 and a beta of 1.28.

Prudential Financial (NYSE:PRU) last announced 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%. Analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.89%. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, February 18th. Prudential Financial’s dividend payout ratio is presently 72.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen boosted their price objective on Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on shares of Prudential Financial from $113.00 to $118.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Morgan Stanley lowered their target price on shares of Prudential Financial from $136.00 to $128.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Finally, Piper Sandler cut their price target on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.15.

Hedge Funds Weigh In On Prudential Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in Prudential Financial by 46.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,265 shares of the financial services provider’s stock valued at $9,158,000 after acquiring an additional 24,682 shares during the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of Prudential Financial by 3.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 3,954 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 143 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Prudential Financial during the fourth quarter worth $25,796,000. REAP Financial Group LLC grew its position in Prudential Financial by 70.6% in the 4th quarter. REAP Financial Group LLC now owns 394 shares of the financial services provider’s stock valued at $47,000 after buying an additional 163 shares during the last quarter. Finally, LifeWealth Investments LLC acquired a new position in Prudential Financial in the 4th quarter valued at $275,000. Hedge funds and other institutional investors own 56.83% of the company’s stock.

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.