Bryn Mawr Capital Management LLC Purchases 240 Shares of Prudential Financial, Inc. (NYSE:PRU)

Bryn Mawr Capital Management LLC increased its position in Prudential Financial, Inc. (NYSE:PRU) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,027 shares of the financial services provider’s stock after acquiring an additional 240 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Prudential Financial were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust increased its holdings in shares of Prudential Financial by 65.9% during the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the period. Centricity Wealth Management LLC bought a new position in shares of Prudential Financial during the 4th quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Prudential Financial during the 3rd quarter worth about $31,000. CGC Financial Services LLC increased its holdings in shares of Prudential Financial by 82.1% during the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 124 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Prudential Financial during the 4th quarter worth about $33,000. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Price Performance

Shares of Prudential Financial stock opened at $111.81 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $40.03 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.98 and a beta of 1.31. Prudential Financial, Inc. has a 1-year low of $104.44 and a 1-year high of $130.55. The firm’s 50-day moving average price is $116.46 and its two-hundred day moving average price is $119.77.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. On average, equities analysts predict that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.35 per share. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Tuesday, February 18th. Prudential Financial’s dividend payout ratio is 72.29%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PRU shares. Keefe, Bruyette & Woods dropped their price objective on shares of Prudential Financial from $129.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. Barclays lifted their target price on shares of Prudential Financial from $128.00 to $134.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Cowen lifted their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Piper Sandler decreased their target price on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.69.

Prudential Financial Company 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.