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

CHURCHILL MANAGEMENT Corp reduced its stake in Prudential Financial, Inc. (NYSE:PRU) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit X LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth about $25,000. BNC Wealth Management LLC acquired a new stake in Prudential Financial during the third quarter worth approximately $27,000. CX Institutional grew its stake in Prudential Financial by 104.3% in the 3rd quarter. CX Institutional now owns 472 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 241 shares during the period. Mercer Capital Advisers Inc. acquired a new position in Prudential Financial in the 3rd quarter valued at $30,000. Finally, Old North State Trust LLC purchased a new position in shares of Prudential Financial during the 3rd quarter worth $32,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

PRU has been the subject of several analyst reports. Barclays initiated coverage on Prudential Financial in a research note on Tuesday, November 17th. They issued an “equal weight” rating and a $76.00 target price for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Prudential Financial from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $58.00 to $80.00 in a report on Tuesday, December 8th. Morgan Stanley boosted their target price on shares of Prudential Financial from $76.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 18th. ValuEngine raised shares of Prudential Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, December 7th. Finally, Credit Suisse Group lifted their price target on shares of Prudential Financial from $64.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, December 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Prudential Financial presently has a consensus rating of “Hold” and a consensus price target of $75.38.

NYSE:PRU opened at $82.24 on Thursday. The firm’s fifty day simple moving average is $78.49 and its 200 day simple moving average is $69.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.30. Prudential Financial, Inc. has a twelve month low of $38.62 and a twelve month high of $97.24. The firm has a market capitalization of $32.57 billion, a price-to-earnings ratio of -132.65, a PEG ratio of 0.77 and a beta of 1.69.

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

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

Prudential Financial Company 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.

Recommended Story: How to trade on quiet period expirations

Want to see what other hedge funds are holding PRU? Visit to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRU).

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

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with's FREE daily email newsletter.