apricus wealth LLC Cuts Position in Prudential Financial, Inc. (NYSE:PRU)

apricus wealth LLC trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,177 shares of the financial services provider’s stock after selling 109 shares during the period. apricus wealth LLC’s holdings in Prudential Financial were worth $578,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK increased its stake in shares of Prudential Financial by 5.1% during the fourth quarter. Capital Advisors Inc. OK now owns 262,238 shares of the financial services provider’s stock worth $31,083,000 after buying an additional 12,644 shares during the period. Strategic Financial Concepts LLC acquired a new position in Prudential Financial in the fourth quarter valued at approximately $2,897,000. Roxbury Financial LLC acquired a new position in Prudential Financial in the fourth quarter valued at approximately $1,965,000. Bridgewater Associates LP boosted its holdings in Prudential Financial by 41.8% in the fourth quarter. Bridgewater Associates LP now owns 388,349 shares of the financial services provider’s stock valued at $46,031,000 after purchasing an additional 114,459 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Prudential Financial by 18.9% in the fourth quarter. Empowered Funds LLC now owns 13,556 shares of the financial services provider’s stock valued at $1,607,000 after purchasing an additional 2,152 shares in the last quarter. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PRU shares. JPMorgan Chase & Co. lowered their price target on Prudential Financial from $128.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group decreased their price objective on Prudential Financial from $122.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, May 27th. Piper Sandler decreased their price objective on Prudential Financial from $110.00 to $109.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Morgan Stanley increased their price objective on Prudential Financial from $108.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on Prudential Financial from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Prudential Financial has an average rating of “Hold” and an average price target of $120.15.

Prudential Financial Price Performance

Prudential Financial stock opened at $104.63 on Thursday. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $130.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50 day simple moving average of $102.69 and a 200-day simple moving average of $111.51. The stock has a market capitalization of $37.04 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.18 by $0.11. Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. The business had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The company’s quarterly revenue was down 38.2% compared to the same quarter last year. Equities analysts predict that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, May 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 5.16%. The ex-dividend date is Tuesday, May 20th. Prudential Financial’s payout ratio is 85.58%.

Insiders Place Their Bets

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 52,595 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $28.52 per share, for a total transaction of $1,500,009.40. Following the completion of the transaction, the insider now owns 139,987 shares of the company’s stock, valued at $3,992,429.24. The trade was a 60.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.