Prudential Financial Inc (NYSE:PRU) Position Trimmed by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC decreased its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 36.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,494 shares of the financial services provider’s stock after selling 860 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Prudential Financial were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. WealthStone Inc. bought a new stake in Prudential Financial during the second quarter valued at $25,000. Asset Dedication LLC increased its stake in Prudential Financial by 206.7% during the third quarter. Asset Dedication LLC now owns 276 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 186 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in Prudential Financial during the third quarter valued at $30,000. Garrett Wealth Advisory Group LLC bought a new stake in Prudential Financial during the third quarter valued at $34,000. Finally, Central Bank & Trust Co. increased its stake in Prudential Financial by 405.1% during the fourth quarter. Central Bank & Trust Co. now owns 399 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 62.12% of the company’s stock.

Several analysts have weighed in on PRU shares. UBS Group boosted their target price on shares of Prudential Financial from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley lowered their target price on shares of Prudential Financial from $110.00 to $108.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 target price on shares of Prudential Financial in a research note on Sunday, December 22nd. DOWLING & PARTN reiterated a “buy” rating on shares of Prudential Financial in a research note on Monday, November 18th. Finally, Citigroup lowered shares of Prudential Financial from a “neutral” rating to a “sell” rating and lowered their target price for the company from $88.00 to $86.00 in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Prudential Financial currently has a consensus rating of “Hold” and an average price target of $97.75.

Shares of Prudential Financial stock traded down $2.33 during trading on Friday, hitting $93.20. 65,713 shares of the stock were exchanged, compared to its average volume of 1,608,948. The stock’s fifty day moving average is $94.20 and its 200 day moving average is $91.47. The stock has a market cap of $38.57 billion, a PE ratio of 9.95, a P/E/G ratio of 0.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial Inc has a 12 month low of $77.65 and a 12 month high of $106.39.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Monday, November 4th. The financial services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.07 by $0.15. The business had revenue of $12.93 billion during the quarter, compared to analyst estimates of $14.27 billion. Prudential Financial had a net margin of 6.67% and a return on equity of 8.45%. During the same quarter in the prior year, the firm earned $3.15 earnings per share. Sell-side analysts anticipate that Prudential Financial Inc will post 11.43 EPS for the current fiscal year.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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