Lindbrook Capital LLC Has $148,000 Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Lindbrook Capital LLC raised its stake in Prudential Financial, Inc. (NYSE:PRU) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,424 shares of the financial services provider’s stock after buying an additional 290 shares during the period. Lindbrook Capital LLC’s holdings in Prudential Financial were worth $148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PRU. CWM LLC boosted its position in Prudential Financial by 7.2% in the third quarter. CWM LLC now owns 10,497 shares of the financial services provider’s stock valued at $996,000 after buying an additional 703 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Prudential Financial by 23.4% during the third quarter. Arkadios Wealth Advisors now owns 3,072 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 582 shares during the period. Oak Thistle LLC acquired a new position in shares of Prudential Financial during the third quarter worth $569,000. Czech National Bank lifted its holdings in shares of Prudential Financial by 46.8% during the third quarter. Czech National Bank now owns 63,444 shares of the financial services provider’s stock worth $6,020,000 after purchasing an additional 20,235 shares during the period. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Prudential Financial by 5.1% during the third quarter. MBM Wealth Consultants LLC now owns 3,072 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling

In other Prudential Financial news, SVP Robert Axel sold 6,436 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the transaction, the senior vice president now directly owns 7,901 shares in the company, valued at $883,805.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Prudential Financial news, SVP Robert Axel sold 6,436 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the transaction, the senior vice president now directly owns 7,901 shares in the company, valued at $883,805.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ann M. Kappler sold 7,222 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total transaction of $782,792.58. Following the completion of the transaction, the executive vice president now owns 24,381 shares in the company, valued at $2,642,656.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,255 shares of company stock worth $3,215,664. 0.34% of the stock is owned by insiders.

Prudential Financial Trading Up 0.5 %

PRU opened at $112.05 on Wednesday. Prudential Financial, Inc. has a 1-year low of $77.22 and a 1-year high of $118.69. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $40.23 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. The company has a fifty day moving average price of $111.52 and a two-hundred day moving average price of $103.50.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). The business had revenue of $13.02 billion for the quarter, compared to analyst estimates of $12.99 billion. Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. Analysts predict that Prudential Financial, Inc. will post 13.38 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 20th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 4.64%. Prudential Financial’s payout ratio is 77.73%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PRU shares. TheStreet upgraded shares of Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Morgan Stanley lifted their target price on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. UBS Group lifted their target price on shares of Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Piper Sandler lifted their target price on shares of Prudential Financial from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company lifted their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.33.

About Prudential Financial

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.