Prudential Financial, Inc. (PRU)
Meridian Wealth Management LLC Invests $213,000 in Prudential Financial, Inc. (NYSE:PRU)
Meridian Wealth Management LLC purchased a new stake in Prudential Financial, Inc. (NYSE:PRU – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,058 shares of the financial services provider’s stock, valued at approximately $213,000. Other hedge funds and other institutional investors also recently bought and sold shares of the company. Inceptionr LLC grew its holdings in shares of Prudential Financial by 96.6% during the fourth quarter. Inceptionr LLC now owns 8,253 shares of the financial services provider’s stock worth $856,000 after buying an additional 4,056 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Prudential Financial by 0.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,935 shares of the financial services provider’s stock worth $3,934,000 after purchasing an additional 110 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Prudential Financial by 6.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 162,035 shares of the financial services provider’s stock worth $16,805,000 after purchasing an additional 9,660 shares during the period. Altman Advisors Inc. increased its stake in Prudential Financial by 1.4% in the 4th quarter. Altman Advisors Inc. now owns 15,306 shares of the financial services provider’s stock valued at $1,587,000 after buying an additional 217 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Prudential Financial by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 356,923 shares of the financial services provider’s stock worth $36,688,000 after buying an additional 17,348 shares during the last quarter. 56.83% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Prudential Financial In other news, EVP Robert Falzon sold 130,092 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $118.57, for a total value of $15,425,008.44. Following the completion of the transaction, the executive vice president now owns 202,083 shares of the company’s stock, valued at $23,960,981.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Timothy L. Schmidt sold 5,189 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.58, for a total value of $604,933.62. Following the sale, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at $1,426,472.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Falzon sold 130,092 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $118.57, for a total transaction of $15,425,008.44. Following the transaction, the executive vice president now directly owns 202,083 shares in the company, valued at approximately $23,960,981.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,536 shares of company stock worth $19,245,606. Corporate insiders own 0.34% of the company’s stock. Wall Street Analyst Weigh In Several analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods boosted their target price on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Raymond James cut Prudential Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, February 9th. TheStreet raised Prudential Financial from a “c+” rating to an “a-” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley raised their target price on Prudential Financial from $109.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.08. Check Out Our Latest Research Report on Prudential Financial Prudential Financial Stock Up 1.2 % Shares of NYSE PRU opened at $121.31 on Monday. The firm’s 50-day moving average is $114.05 and its two-hundred day moving average is $106.41. The company has a market capitalization of $43.55 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.35. Prudential Financial, Inc. has a 12-month low of $78.40 and a 12-month high of $121.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial (NYSE:PRU – Get Free Report) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). Prudential Financial had a net margin of 3.76% and a return on equity of 15.50%. The company had revenue of $15.01 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same quarter last year, the company posted $2.66 EPS. Prudential Financial’s quarterly revenue was up 69.9% compared to the same quarter last year. Equities analysts anticipate that Prudential Financial, Inc. will post 13.42 EPS for the current fiscal year. Prudential Financial Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 21st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, May 20th. Prudential Financial’s payout ratio is 88.44%. Prudential Financial Company Profile (Free Report) 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.
Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action Settlement
NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Prudential Financial, Inc. (NYSE:PRU). The settlement provides for a fund of $35,000,000 to benefit class members.
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