Prudential Financial, Inc. (NYSE:PRU) Position Raised by DCM Advisors LLC

DCM Advisors LLC raised its stake in Prudential Financial, Inc. (NYSE:PRUGet Rating) by 18.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,019 shares of the financial services provider’s stock after buying an additional 1,912 shares during the quarter. DCM Advisors LLC’s holdings in Prudential Financial were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rather & Kittrell Inc. bought a new position in Prudential Financial in the 4th quarter valued at about $27,000. FSB Premier Wealth Management Inc. bought a new position in Prudential Financial in the 4th quarter valued at about $29,000. Jones Financial Companies Lllp bought a new position in Prudential Financial in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new position in Prudential Financial in the 4th quarter valued at about $31,000. Finally, GHP Investment Advisors Inc. bought a new position in Prudential Financial in the 1st quarter valued at about $33,000. 56.77% of the stock is currently owned by institutional investors.

Prudential Financial Price Performance

Prudential Financial stock traded up $1.23 during mid-day trading on Tuesday, hitting $98.53. 23,889 shares of the company were exchanged, compared to its average volume of 1,810,306. The company has a quick ratio of 0.06, a current ratio of 0.07 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $97.08 and a 200 day moving average of $106.74. Prudential Financial, Inc. has a 1-year low of $89.73 and a 1-year high of $124.22. The company has a market capitalization of $36.95 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRU. Barclays dropped their price target on shares of Prudential Financial from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 13th. JPMorgan Chase & Co. boosted their price target on shares of Prudential Financial from $120.00 to $122.00 in a research report on Monday, July 11th. The Goldman Sachs Group reduced their price objective on shares of Prudential Financial from $116.00 to $99.00 and set a “neutral” rating for the company in a research note on Monday, June 6th. Evercore ISI reduced their price objective on shares of Prudential Financial from $107.00 to $100.00 and set an “underperform” rating for the company in a research note on Wednesday, July 6th. Finally, Royal Bank of Canada dropped their target price on Prudential Financial from $125.00 to $112.00 and set a “sector perform” rating on the stock in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, Prudential Financial presently has a consensus rating of “Hold” and an average price target of $106.42.

Prudential Financial Company Profile

(Get Rating)

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 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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