LSV Asset Management Purchases 22,970 Shares of Prudential Financial, Inc. $PRU

LSV Asset Management raised its position in Prudential Financial, Inc. (NYSE:PRU) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 314,970 shares of the financial services provider’s stock after acquiring an additional 22,970 shares during the period. LSV Asset Management’s holdings in Prudential Financial were worth $35,554,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Ignite Planners LLC lifted its stake in Prudential Financial by 263.7% in the 4th quarter. Ignite Planners LLC now owns 8,757 shares of the financial services provider’s stock valued at $973,000 after acquiring an additional 6,349 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Prudential Financial by 393.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 44,849 shares of the financial services provider’s stock valued at $5,062,000 after acquiring an additional 35,759 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Prudential Financial by 71.7% in the 4th quarter. Global Retirement Partners LLC now owns 10,304 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 4,302 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Prudential Financial during the 4th quarter worth approximately $265,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of Prudential Financial in the 4th quarter valued at approximately $376,000. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Up 0.0%

PRU stock opened at $104.12 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $36.13 billion, a PE ratio of 10.71, a PEG ratio of 1.90 and a beta of 0.86. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $119.76. The business’s 50 day simple moving average is $97.80 and its 200 day simple moving average is $104.58.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same period in the prior year, the firm posted $3.29 EPS. As a group, research analysts anticipate that Prudential Financial, Inc. will post 13.82 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Prudential Financial’s dividend payout ratio is currently 57.61%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PRU shares. Weiss Ratings cut shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Bank of America decreased their target price on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. UBS Group decreased their target price on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company raised their target price on shares of Prudential Financial from $93.00 to $100.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Finally, Zacks Research cut shares of Prudential Financial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Prudential Financial has a consensus rating of “Reduce” and a consensus price target of $101.50.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.