602 Shares in Prudential Financial, Inc. (NYSE:PRU) Purchased by Valley Brook Capital Group


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Valley Brook Capital Group bought a new position in shares of Prudential Financial, Inc. (NYSE:PRU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 602 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other institutional investors also recently bought and sold shares of the stock. TRU Independence Asset Management 2 LLC acquired a new stake in Prudential Financial during the fourth quarter worth about $762,000. Encompass Wealth Advisors LLC acquired a new stake in Prudential Financial during the fourth quarter worth about $762,000. Childress Capital Advisors LLC acquired a new stake in Prudential Financial during the fourth quarter worth about $47,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Prudential Financial in the fourth quarter valued at approximately $2,229,000. Finally, Dimensional Fund Advisors LP grew its holdings in Prudential Financial by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,603,375 shares of the financial services provider’s stock valued at $203,236,000 after purchasing an additional 32,817 shares during the period. 54.50% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Kenneth Tanji sold 29,285 shares of the business’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $90.94, for a total transaction of $2,663,177.90. Following the completion of the transaction, the chief financial officer now directly owns 36,477 shares of the company’s stock, valued at approximately $3,317,218.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy Elizabeth Jones bought 1,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The shares were bought at an average cost of $80.98 per share, with a total value of $80,980.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $80,980. The disclosure for this purchase can be found here. Insiders sold 42,485 shares of company stock valued at $3,876,812 over the last ninety days. Insiders own 0.33% of the company’s stock.

Several brokerages have commented on PRU. TheStreet lowered Prudential Financial from a “b-” rating to a “c” rating in a report on Thursday, February 4th. Piper Sandler raised their target price on Prudential Financial from $85.00 to $94.00 in a research report on Thursday, March 18th. Royal Bank of Canada raised their target price on Prudential Financial from $70.00 to $82.00 and gave the company a “sector perform” rating in a research report on Monday, February 8th. Citigroup raised their target price on Prudential Financial from $83.00 to $97.00 in a research report on Wednesday, March 31st. Finally, Zacks Investment Research upgraded Prudential Financial from a “sell” rating to a “hold” rating and set a $94.00 target price on the stock in a research report on Thursday, February 25th. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $83.43.

Shares of NYSE PRU opened at $93.95 on Thursday. Prudential Financial, Inc. has a twelve month low of $48.52 and a twelve month high of $95.49. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $90.02 and a 200-day simple moving average of $78.23. The stock has a market capitalization of $37.15 billion, a PE ratio of -260.97, a PEG ratio of 1.72 and a beta of 1.72.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Thursday, February 4th. The financial services provider reported $2.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.43. Prudential Financial had a positive return on equity of 6.06% and a negative net margin of 0.12%. The business had revenue of $15.08 billion during the quarter, compared to analysts’ expectations of $13.98 billion. On average, equities analysts predict that Prudential Financial, Inc. will post 9.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 11th. Stockholders of record on Tuesday, February 16th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, February 12th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.90%. Prudential Financial’s payout ratio is presently 39.35%.

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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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