Y.D. More Investments Ltd Increases Stock Holdings in Prudential Financial, Inc. (NYSE:PRU)

Y.D. More Investments Ltd raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,386 shares of the financial services provider’s stock after buying an additional 113 shares during the quarter. Y.D. More Investments Ltd’s holdings in Prudential Financial were worth $164,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB raised its position in shares of Prudential Financial by 12.5% in the 3rd quarter. AMF Tjanstepension AB now owns 203,197 shares of the financial services provider’s stock worth $24,642,000 after buying an additional 22,588 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Prudential Financial by 13.2% in the 3rd quarter. Park Avenue Securities LLC now owns 8,403 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 979 shares during the period. Czech National Bank lifted its stake in shares of Prudential Financial by 6.3% in the 3rd quarter. Czech National Bank now owns 72,724 shares of the financial services provider’s stock valued at $8,807,000 after purchasing an additional 4,313 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Prudential Financial during the 3rd quarter worth about $807,000. Finally, Callan Family Office LLC raised its holdings in Prudential Financial by 7.3% in the third quarter. Callan Family Office LLC now owns 1,935 shares of the financial services provider’s stock valued at $234,000 after buying an additional 132 shares during the period. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Financial Price Performance

PRU opened at $113.90 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. Prudential Financial, Inc. has a 1-year low of $102.67 and a 1-year high of $130.55. The company has a 50-day moving average of $120.38 and a 200-day moving average of $120.46. The company has a market capitalization of $40.55 billion, a P/E ratio of 10.12, a PEG ratio of 1.12 and a beta of 1.31.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. Equities analysts expect that Prudential Financial, Inc. will post 13.24 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.74%. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, February 18th. Prudential Financial’s dividend payout ratio is 46.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays increased their price target on Prudential Financial from $128.00 to $134.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and boosted their price objective for the stock from $117.00 to $140.00 in a research note on Thursday, November 14th. Piper Sandler dropped their target price on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, BMO Capital Markets initiated coverage on Prudential Financial in a report on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $125.77.

Insider Transactions at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of Prudential Financial stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the transaction, the insider now directly owns 4,780,293 shares of the company’s stock, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% 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.