Strategic Blueprint LLC Purchases 1,126 Shares of Prudential Financial, Inc. (NYSE:PRU)

Strategic Blueprint LLC raised its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 57.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,075 shares of the financial services provider’s stock after purchasing an additional 1,126 shares during the quarter. Strategic Blueprint LLC’s holdings in Prudential Financial were worth $364,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PRU. Grove Bank & Trust grew its holdings in shares of Prudential Financial by 65.9% in the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Prudential Financial in the 3rd quarter worth $31,000. Quarry LP raised its position in shares of Prudential Financial by 376.3% during the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock valued at $34,000 after buying an additional 222 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Prudential Financial in the 4th quarter valued at about $37,000. Finally, Tompkins Financial Corp grew its position in Prudential Financial by 61.7% in the third quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Price Performance

Shares of PRU stock opened at $120.52 on Friday. Prudential Financial, Inc. has a twelve month low of $100.60 and a twelve month high of $130.55. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $120.95 and a two-hundred day simple moving average of $120.67. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.13 and a beta of 1.31.

Prudential Financial (NYSE:PRU) last issued its earnings results 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. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The company had revenue of $19.48 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the business earned $3.44 EPS. On average, analysts predict that Prudential Financial, Inc. will post 13.24 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s payout ratio is 46.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PRU shares. BMO Capital Markets began coverage on Prudential Financial in a research note on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price objective for the company. TD Cowen lifted their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods reduced their target price on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Barclays lifted their price target on shares of Prudential Financial from $127.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.31.

Insiders Place Their Bets

In other news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the completion of the transaction, the insider now owns 4,780,293 shares in the company, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is 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.