Prudential Financial, Inc. (NYSE:PRU) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp cut its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,294 shares of the financial services provider’s stock after selling 4,583 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Prudential Financial were worth $4,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management acquired a new stake in shares of Prudential Financial in the fourth quarter valued at $309,000. CX Institutional grew its holdings in Prudential Financial by 42.8% during the fourth quarter. CX Institutional now owns 674 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 202 shares during the period. BTR Capital Management Inc. bought a new stake in Prudential Financial in the fourth quarter worth about $354,000. Founders Capital Management acquired a new stake in Prudential Financial in the 4th quarter valued at about $39,000. Finally, Red Door Wealth Management LLC bought a new position in shares of Prudential Financial during the 4th quarter valued at about $241,000. 57.10% of the stock is currently owned by institutional investors.

Shares of Prudential Financial stock opened at $82.24 on Thursday. Prudential Financial, Inc. has a 1 year low of $38.62 and a 1 year high of $97.24. The company has a market cap of $32.57 billion, a P/E ratio of -132.65, a P/E/G ratio of 0.77 and a beta of 1.69. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $78.49 and a 200 day moving average price of $69.45.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.52. The company had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.53 billion. Prudential Financial had a positive return on equity of 6.13% and a negative net margin of 0.25%. During the same quarter in the prior year, the company earned $3.22 EPS. On average, equities analysts forecast that Prudential Financial, Inc. will post 9.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Tuesday, November 24th were paid a $1.10 dividend. The ex-dividend date was Monday, November 23rd. This represents a $4.40 annualized dividend and a yield of 5.35%. Prudential Financial’s dividend payout ratio is presently 37.64%.

Several research firms recently commented on PRU. BidaskClub lowered shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Prudential Financial from a “sell” rating to a “neutral” rating and increased their price objective for the company from $58.00 to $80.00 in a research report on Tuesday, December 8th. ValuEngine upgraded Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Monday, December 7th. Zacks Investment Research raised Prudential Financial from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a report on Wednesday, October 28th. Finally, TheStreet upgraded Prudential Financial from a “c+” rating to a “b-” rating in a research report on Monday, November 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Prudential Financial currently has an average rating of “Hold” and an average price target of $75.38.

Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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

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