LSV Asset Management Boosts Stake in Prudential Financial Inc (PRU)

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LSV Asset Management increased its position in Prudential Financial Inc (NYSE:PRU) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,557,199 shares of the financial services provider’s stock after purchasing an additional 15,825 shares during the period. LSV Asset Management owned 0.86% of Prudential Financial worth $290,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PRU. Baldwin Brothers Inc. MA lifted its holdings in shares of Prudential Financial by 146.7% in the 4th quarter. Baldwin Brothers Inc. MA now owns 454 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 270 shares during the last quarter. TCI Wealth Advisors Inc. lifted its holdings in shares of Prudential Financial by 39.7% in the 4th quarter. TCI Wealth Advisors Inc. now owns 676 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 192 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Prudential Financial by 30.1% in the 4th quarter. Manchester Capital Management LLC now owns 665 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 154 shares during the last quarter. Bedel Financial Consulting Inc. lifted its holdings in shares of Prudential Financial by 81.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 778 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 349 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in shares of Prudential Financial by 68.1% in the 4th quarter. First Mercantile Trust Co. now owns 790 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 320 shares during the last quarter. 66.23% of the stock is owned by institutional investors and hedge funds.

NYSE PRU opened at $90.99 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $113.03. The company has a market cap of $37.58 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.44). Prudential Financial had a return on equity of 10.20% and a net margin of 7.01%. The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $14.03 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. As a group, equities research analysts forecast that Prudential Financial Inc will post 12.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Wednesday, February 20th will be given a dividend of $1.00 per share. This is a boost from Prudential Financial’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, February 19th. This represents a $4.00 annualized dividend and a yield of 4.40%. Prudential Financial’s payout ratio is presently 30.80%.

Several analysts have commented on the company. Zacks Investment Research downgraded Prudential Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Wells Fargo & Co assumed coverage on Prudential Financial in a research note on Tuesday, January 8th. They set an “outperform” rating and a $105.00 price objective for the company. Evercore ISI raised Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price objective for the company in a research note on Wednesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $115.00 price objective on shares of Prudential Financial in a research note on Monday, December 17th. Finally, ValuEngine downgraded Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $114.19.

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About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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