YHB Investment Advisors Inc. acquired a new stake in Prudential Financial, Inc. (NYSE: PRU – Get Rating) in the first quarter, according to the company in its latest form 13F, submitted to the Securities and Exchange Commission (SEC). The fund acquired 1,910 shares of the financial service provider’s shares worth approximately $ 226,000.
Several other major investors have also recently bought and sold shares in the company. Clearview Wealth Advisors LLC increased its stake in Prudential Financial by 16.1% in the 4th quarter. Clearview Wealth Advisors LLC now owns 650 shares of the financial service provider’s shares worth $ 70,000 after purchasing an additional 90 shares during the period. Blueprint Investment Partners LLC increased its position in shares of Prudential Financial by 5.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 1,708 shares of the financial services provider worth $ 185,000 after purchasing an additional 94 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of Prudential Financial by 1.8% in the 4th quarter. FineMark National Bank & Trust already owns 5,481 shares of the financial services provider’s stock worth $ 593,000 after buying an additional 98 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Prudential Financial by 3.0% in the 4th quarter. Verdence Capital Advisors LLC already owns 3,393 shares of the $ 367,000 financial services provider after buying an additional 100 shares in the last quarter. Finally, Optimum Investment Advisors increased its position in shares of Prudential Financial by 7.5% in the 4th quarter. Optimum Investment Advisors already owns 1,425 shares of the financial service provider’s shares worth $ 154,000 after buying an additional 100 shares in the last quarter. 56.77% of the shares are owned by institutional investors and hedge funds.
Several research analysts commented on the PRU’s actions. Citigroup began covering shares of Prudential Financial in a report on Monday, May 23. They issued a “neutral” rating and a target price of $ 100.00 for the company. JPMorgan Chase & Co. raised its target price for shares of Prudential Financial from $ 113.00 to $ 120.00 in a report on Tuesday, April 5. Piper Sandler lowered his target price for Prudential Financial shares from $ 118.00 to $ 110.00 and set a “neutral” rating for the company in a report on Friday, May 27. Goldman Sachs Group lowered its target price for Prudential Financial shares from $ 116.00 to $ 99.00 and set a “neutral” rating for the company in a report on Monday, June 6. Finally, StockNews.com began covering Prudential Financial shares in a report on Thursday, March 31st. They set a “retention” rating for the company. Two investment analysts rated the shares with a rating for sale, and ten gave a rating for retaining the company. According to MarketBeat.com, Prudential Financial currently has an average Hold rating and an average target price of $ 112.58.
Shares of PRU opened at $ 97.41 on Friday. The company has a market capitalization of $ 36.53 billion, a PE ratio of 7.90, a PEG ratio of 0.88 and a beta ratio of 1.49. The company’s 50-day moving average is $ 104.16, and its 200-day moving average is $ 109.85. The company has a debt to equity ratio of 0.44, a fast ratio of 0.06 and a current ratio of 0.06. Prudential Financial, Inc. has a twelve-month low of $ 90.25 and a twelve-month high of $ 124.22.
Prudential Financial (NYSE: PRU – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported earnings of $ 3.17 per share for the quarter, beating the consensus estimate of $ 2.67 by $ 0.50. The company had revenue of $ 13.66 billion for the quarter, compared to analysts’ estimates of $ 13.93 billion. Prudential Financial had a net margin of 8.09% and a return on equity of 9.35%. In the same quarter last year, the company earned $ 4.11 earnings per share. On average, sales analysts expect Prudential Financial, Inc. will report 11.74 earnings per share for the current fiscal year.
The company also recently unveiled a three-month dividend that was paid on Thursday (June 16th). Record investors on Tuesday, May 24, received a dividend of $ 1.20 per share. This represents a $ 4.80 annual dividend and a yield of 4.93%. The date of the former dividend was Monday, May 23. Prudential Financial’s payout ratio is currently 38.93%.
About Prudential Financial (Get a rating)
Prudential Financial, Inc., along with its subsidiaries, provides insurance, investment management and other financial products and services in the United States and internationally. He works in eight segments: PGIM, retirement, group insurance, individual annuities, individual life, IQ insurance, international business and the closed unit.
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