McGlone Suttner Wealth Management Inc. Buys 432 Shares of Prudential Financial, Inc. (NYSE:PRU)

McGlone Suttner Wealth Management Inc. raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,983 shares of the financial services provider’s stock after purchasing an additional 432 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Prudential Financial were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PRU. Moneta Group Investment Advisors LLC raised its stake in shares of Prudential Financial by 104,987.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,450,633 shares of the financial services provider’s stock worth $243,740,000 after acquiring an additional 2,448,301 shares in the last quarter. Norges Bank purchased a new position in shares of Prudential Financial in the fourth quarter worth $172,363,000. Cowa LLC increased its stake in shares of Prudential Financial by 9,930.2% in the first quarter. Cowa LLC now owns 771,824 shares of the financial services provider’s stock worth $912,000 after buying an additional 764,129 shares during the period. Mariner LLC increased its stake in shares of Prudential Financial by 2,197.4% in the first quarter. Mariner LLC now owns 690,184 shares of the financial services provider’s stock worth $81,560,000 after buying an additional 660,142 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Prudential Financial in the second quarter worth $48,716,000. 56.83% of the stock is owned by hedge funds and other institutional investors.

Prudential Financial Trading Up 0.3 %

PRU traded up $0.38 during trading on Thursday, reaching $117.40. The company had a trading volume of 1,169,489 shares, compared to its average volume of 1,578,307. The stock has a market cap of $42.15 billion, a P/E ratio of 17.55, a PEG ratio of 0.85 and a beta of 1.36. The business has a 50 day simple moving average of $108.53 and a 200-day simple moving average of $101.15. Prudential Financial, Inc. has a 52 week low of $77.22 and a 52 week high of $117.92. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65.

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

Prudential Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 20th were issued a $1.30 dividend. 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 4.43%. The ex-dividend date of this dividend was Friday, February 16th. Prudential Financial’s payout ratio is presently 77.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group lifted their price target on shares of Prudential Financial from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Raymond James cut shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $118.00 price target (down previously from $119.00) on shares of Prudential Financial in a report on Wednesday, January 3rd. TheStreet upgraded shares of Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Prudential Financial from $105.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, Prudential Financial presently has a consensus rating of “Hold” and an average target price of $105.60.

Insider Activity at Prudential Financial

In related news, major shareholder Pgim Strategic Investments, In bought 1,191,895 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were bought at an average price of $25.17 per share, for a total transaction of $29,999,997.15. Following the completion of the purchase, the insider now directly owns 4,056,632 shares of the company’s stock, valued at $102,105,427.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Pgim Strategic Investments, In bought 1,191,895 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were purchased at an average price of $25.17 per share, for a total transaction of $29,999,997.15. Following the completion of the transaction, the insider now directly owns 4,056,632 shares in the company, valued at $102,105,427.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Axel sold 6,436 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the completion of the sale, the senior vice president now owns 7,901 shares in the company, valued at approximately $883,805.86. 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. 0.31% of the stock is 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.