Great Valley Advisor Group Inc. Sells 390 Shares of Prudential Financial, Inc. (NYSE:PRU)

Great Valley Advisor Group Inc. decreased its position in Prudential Financial, Inc. (NYSE:PRU) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,798 shares of the financial services provider’s stock after selling 390 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Prudential Financial were worth $601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Trust Co. boosted its stake in Prudential Financial by 77.2% during the fourth quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Prudential Financial in the 4th quarter worth approximately $26,000. Headinvest LLC purchased a new stake in shares of Prudential Financial in the 3rd quarter worth approximately $27,000. Arlington Trust Co LLC raised its stake in Prudential Financial by 151.6% during the fourth quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in Prudential Financial by 49.6% in the fourth quarter. Janiczek Wealth Management LLC now owns 374 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PRU. TheStreet upgraded Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Evercore ISI lifted their target price on shares of Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a report on Thursday, April 25th. Piper Sandler increased their price target on shares of Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Morgan Stanley boosted their price objective on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.42.

Insider Activity

In other Prudential Financial news, SVP Timothy L. Schmidt sold 7,912 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total value of $855,524.56. Following the completion of the transaction, the senior vice president now directly owns 14,754 shares in the company, valued at $1,595,350.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Prudential Financial news, EVP Andrew F. Sullivan sold 7,685 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total value of $857,415.45. Following the completion of the transaction, the executive vice president now directly owns 13,691 shares in the company, valued at approximately $1,527,504.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the sale, the senior vice president now owns 14,754 shares in the company, valued at approximately $1,595,350.02. The disclosure for this sale can be found here. Insiders have sold a total of 29,255 shares of company stock valued at $3,215,664 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Prudential Financial Price Performance

Shares of NYSE:PRU opened at $112.26 on Friday. The firm’s 50 day moving average price is $112.14 and its 200-day moving average price is $104.33. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $40.30 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.35. Prudential Financial, Inc. has a twelve month low of $77.22 and a twelve month high of $118.69.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.04). The business had revenue of $15.01 billion for the quarter, compared to analysts’ expectations of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The company’s revenue was up 69.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.66 EPS. Equities research analysts expect that Prudential Financial, Inc. will post 13.36 EPS for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, February 20th were paid a $1.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $5.20 annualized dividend and a dividend yield of 4.63%. This is an increase from Prudential Financial’s previous quarterly dividend of $1.25. Prudential Financial’s dividend payout ratio (DPR) is 88.44%.

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.