Prudential Financial, Inc. (NYSE:PRU) Shares Purchased by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,066 shares of the financial services provider’s stock after acquiring an additional 173 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Prudential Financial were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Grove Bank & Trust lifted its stake in Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter valued at $31,000. Quarry LP boosted its stake in shares of Prudential Financial by 376.3% during the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 222 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Prudential Financial during the fourth quarter worth $37,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Prudential Financial by 61.7% during the third quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Analyst Ratings Changes

PRU has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. TD Cowen boosted their price target 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. Jefferies Financial Group raised their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company cut their target price on shares of Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Piper Sandler decreased their target price on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.25.

Prudential Financial Stock Up 1.0 %

Shares of Prudential Financial stock opened at $120.20 on Wednesday. The firm has a market cap of $42.79 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.10 and a beta of 1.31. The stock has a 50-day simple moving average of $121.94 and a 200-day simple moving average of $120.69. Prudential Financial, Inc. has a 52-week low of $100.60 and a 52-week high of $130.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping the consensus estimate of $3.47 by $0.01. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The company had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm posted $3.44 earnings per share. On average, equities research analysts expect that Prudential Financial, Inc. will post 13.26 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $5.20 annualized dividend and a dividend yield of 4.33%. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.

Insider Activity at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of $27.92 per share, with a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Prudential Financial Company 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.