Donaldson Capital Management LLC Has $1.25 Million Position in Prudential Financial, Inc. (NYSE:PRU)

Donaldson Capital Management LLC lowered its holdings in Prudential Financial, Inc. (NYSE:PRU) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,071 shares of the financial services provider’s stock after selling 405 shares during the quarter. Donaldson Capital Management LLC’s holdings in Prudential Financial were worth $1,252,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in Prudential Financial during the 1st quarter worth $36,000. Blair William & Co. IL boosted its holdings in Prudential Financial by 11.3% during the 1st quarter. Blair William & Co. IL now owns 50,600 shares of the financial services provider’s stock worth $5,979,000 after acquiring an additional 5,126 shares during the last quarter. Sei Investments Co. boosted its holdings in Prudential Financial by 6.4% during the 1st quarter. Sei Investments Co. now owns 90,235 shares of the financial services provider’s stock worth $10,698,000 after acquiring an additional 5,452 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Prudential Financial by 0.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,576 shares of the financial services provider’s stock worth $5,621,000 after acquiring an additional 326 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Prudential Financial by 36.4% during the 1st quarter. Baird Financial Group Inc. now owns 135,716 shares of the financial services provider’s stock worth $16,037,000 after acquiring an additional 36,184 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Down 0.5 %

PRU traded down $0.52 during trading on Tuesday, reaching $107.84. The stock had a trading volume of 95,773 shares, compared to its average volume of 1,517,148. The stock’s 50 day moving average is $111.15 and its two-hundred day moving average is $102.78. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.74 and a beta of 1.37. Prudential Financial, Inc. has a one year low of $77.22 and a one year high of $118.69.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). The firm had revenue of $13.02 billion during the quarter, compared to the consensus estimate of $12.99 billion. Prudential Financial had a return on equity of 14.52% and a net margin of 4.89%. Prudential Financial’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.42 EPS. As a group, analysts expect that Prudential Financial, Inc. will post 13.4 earnings per share for the current year.

Prudential Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Prudential Financial’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 4.82%. Prudential Financial’s dividend payout ratio (DPR) is presently 77.73%.

Analysts Set New Price Targets

A number of research firms have issued reports on PRU. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $118.00 price objective (down from $119.00) on shares of Prudential Financial in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Raymond James downgraded shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, February 9th. UBS Group boosted their price target on shares of Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Piper Sandler boosted their price objective on Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.33.

Insider Activity

In other news, EVP Ann M. Kappler sold 7,222 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $108.39, for a total transaction of $782,792.58. Following the completion of the transaction, the executive vice president now directly owns 24,381 shares in the company, valued at $2,642,656.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Robert Axel sold 6,436 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $111.86, for a total transaction of $719,930.96. Following the sale, the senior vice president now directly owns 7,901 shares of the company’s stock, valued at $883,805.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann M. Kappler sold 7,222 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total value of $782,792.58. Following the sale, the executive vice president now directly owns 24,381 shares in the company, valued at $2,642,656.59. The disclosure for this sale can be found here. Insiders sold 29,255 shares of company stock worth $3,215,664 over the last three months. 0.34% of the stock is currently owned by corporate 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.