Yousif Capital Management LLC Cuts Position in Prudential Financial, Inc. (NYSE:PRU)

Yousif Capital Management LLC lessened its stake in Prudential Financial, Inc. (NYSE:PRU) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,006 shares of the financial services provider’s stock after selling 2,269 shares during the quarter. Yousif Capital Management LLC’s holdings in Prudential Financial were worth $6,016,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PRU. Oak Thistle LLC purchased a new position in Prudential Financial during the 3rd quarter valued at about $569,000. Czech National Bank increased its holdings in Prudential Financial by 46.8% during the 3rd quarter. Czech National Bank now owns 63,444 shares of the financial services provider’s stock valued at $6,020,000 after acquiring an additional 20,235 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in Prudential Financial by 5.1% during the 3rd quarter. MBM Wealth Consultants LLC now owns 3,072 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 149 shares in the last quarter. Verity & Verity LLC boosted its stake in shares of Prudential Financial by 22.3% during the 3rd quarter. Verity & Verity LLC now owns 173,400 shares of the financial services provider’s stock worth $16,440,000 after purchasing an additional 31,641 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in shares of Prudential Financial by 6.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 4,551 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Down 1.4 %

NYSE PRU opened at $111.18 on Friday. Prudential Financial, Inc. has a one year low of $77.22 and a one year high of $118.69. The company’s 50 day moving average price is $111.68 and its 200 day moving average price is $103.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.76 and a beta of 1.37.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). The firm had revenue of $13.02 billion for the quarter, compared to analysts’ expectations of $12.99 billion. Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 EPS. On average, sell-side analysts predict that Prudential Financial, Inc. will post 13.38 EPS for the current year.

Prudential Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.30 per share. The ex-dividend date was Friday, February 16th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.68%. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.25. Prudential Financial’s dividend payout ratio (DPR) is currently 77.73%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PRU shares. Piper Sandler raised their price target on shares of Prudential Financial from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Raymond James cut shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods raised their price target on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, TheStreet raised shares of Prudential Financial from a “c+” rating to an “a-” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Prudential Financial has an average rating of “Hold” and a consensus price target of $111.42.

Insider Activity

In other news, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the sale, the senior vice president now owns 14,754 shares in the company, valued at $1,595,350.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total value of $855,524.56. Following the completion of the sale, the senior vice president now owns 14,754 shares in the company, valued at $1,595,350.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert Axel sold 6,436 shares of Prudential Financial stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $111.86, for a total transaction of $719,930.96. Following the completion of the sale, the senior vice president now owns 7,901 shares of the company’s stock, valued at approximately $883,805.86. The disclosure for this sale can be found here. Insiders have sold 29,255 shares of company stock worth $3,215,664 over the last 90 days. Company insiders own 0.31% of the company’s stock.

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.