XML Financial LLC Reduces Stake in Prudential Financial, Inc. (NYSE:PRU)

XML Financial LLC decreased its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,807 shares of the financial services provider’s stock after selling 430 shares during the period. XML Financial LLC’s holdings in Prudential Financial were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Trust Co. lifted its holdings in Prudential Financial by 77.2% during the 4th quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 105 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Prudential Financial during the 4th quarter worth about $26,000. Headinvest LLC purchased a new stake in Prudential Financial during the 3rd quarter worth about $27,000. Arlington Trust Co LLC lifted its holdings in Prudential Financial by 151.6% during the 4th quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in Prudential Financial during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Insider Buying and Selling

In related news, EVP Robert Falzon sold 130,092 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $118.57, for a total transaction of $15,425,008.44. Following the transaction, the executive vice president now directly owns 202,083 shares in the company, valued at approximately $23,960,981.31. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Prudential Financial news, EVP Andrew F. Sullivan sold 7,685 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total value of $857,415.45. Following the completion of the sale, the executive vice president now owns 13,691 shares in the company, valued at approximately $1,527,504.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert Falzon sold 130,092 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $118.57, for a total value of $15,425,008.44. Following the completion of the sale, the executive vice president now owns 202,083 shares of the company’s stock, valued at approximately $23,960,981.31. The disclosure for this sale can be found here. Insiders have sold a total of 149,402 shares of company stock worth $17,607,288 in the last ninety days. 0.31% of the stock is owned by insiders.

Prudential Financial Trading Up 0.5 %

PRU traded up $0.63 on Friday, hitting $117.84. 930,348 shares of the company were exchanged, compared to its average volume of 1,298,834. The firm has a fifty day simple moving average of $115.24 and a two-hundred day simple moving average of $108.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial, Inc. has a 12 month low of $83.34 and a 12 month high of $121.39. The stock has a market capitalization of $42.30 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.04). Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The company had revenue of $15.01 billion for the quarter, compared to the consensus estimate of $14.50 billion. During the same quarter in the previous year, the business earned $2.66 earnings per share. Prudential Financial’s revenue was up 69.9% compared to the same quarter last year. Sell-side analysts expect that Prudential Financial, Inc. will post 13.41 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 21st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $5.20 annualized dividend and a yield of 4.41%. Prudential Financial’s payout ratio is 88.44%.

Wall Street Analysts Forecast Growth

PRU has been the topic of a number of research analyst reports. UBS Group upped their target price on Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Piper Sandler decreased their target price on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company upped their target price on Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Evercore ISI upped their target price on Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley upped their target price on Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.25.

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.