Doliver Advisors LP Sells 149 Shares of Prudential Financial, Inc. (NYSE:PRU)

Doliver Advisors LP lessened its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 4.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,232 shares of the financial services provider’s stock after selling 149 shares during the period. Doliver Advisors LP’s holdings in Prudential Financial were worth $383,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PRU. Van ECK Associates Corp boosted its holdings in Prudential Financial by 29.2% in the second quarter. Van ECK Associates Corp now owns 11,775 shares of the financial services provider’s stock worth $1,380,000 after purchasing an additional 2,663 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Prudential Financial by 5.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,941 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 208 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Prudential Financial by 66.5% in the 2nd quarter. Larson Financial Group LLC now owns 606 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 242 shares during the last quarter. TD Asset Management Inc boosted its position in Prudential Financial by 55.4% during the second quarter. TD Asset Management Inc now owns 209,395 shares of the financial services provider’s stock worth $24,539,000 after purchasing an additional 74,665 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Prudential Financial by 18.5% in the second quarter. Victory Capital Management Inc. now owns 401,045 shares of the financial services provider’s stock valued at $46,998,000 after purchasing an additional 62,487 shares during the period. 56.83% of the stock is owned by institutional investors.

Prudential Financial Price Performance

Shares of PRU stock traded up $0.09 during trading hours on Monday, hitting $119.23. The company had a trading volume of 490,821 shares, compared to its average volume of 794,665. Prudential Financial, Inc. has a 12 month low of $100.60 and a 12 month high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The firm’s fifty day moving average is $123.17 and its 200 day moving average is $120.68. The firm has a market capitalization of $42.45 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.87 and a beta of 1.29.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the prior year, the company posted $3.44 earnings per share. On average, sell-side analysts predict that Prudential Financial, Inc. will post 13.35 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were given a $1.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 4.36%. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.

Analysts Set New Price Targets

PRU has been the subject of several recent analyst reports. Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and upped their price objective for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. Jefferies Financial Group raised their price target on Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Cowen boosted their price objective on Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Barclays lifted their price target on Prudential Financial from $119.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Bank of America increased their price objective on Prudential Financial from $109.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $127.17.

Insiders Place Their Bets

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the acquisition, the insider now directly owns 4,208,549 shares of the company’s stock, valued at $116,071,781.42. This represents a 6.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

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.