Lindbrook Capital LLC Purchases 290 Shares of Prudential Financial, Inc. (NYSE:PRU)

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

A number of other large investors have also modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Prudential Financial by 0.9% during the 3rd quarter. Morgan Stanley now owns 6,317,338 shares of the financial services provider’s stock worth $599,452,000 after acquiring an additional 57,531 shares during the period. Northern Trust Corp lifted its holdings in shares of Prudential Financial by 4.8% during the 3rd quarter. Northern Trust Corp now owns 4,353,086 shares of the financial services provider’s stock worth $413,064,000 after acquiring an additional 197,422 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Prudential Financial by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,273,916 shares of the financial services provider’s stock worth $215,772,000 after acquiring an additional 38,229 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Prudential Financial by 9,281.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,368,839 shares of the financial services provider’s stock worth $141,962,000 after acquiring an additional 1,354,248 shares during the period. Finally, FMR LLC lifted its holdings in shares of Prudential Financial by 2.9% during the 3rd quarter. FMR LLC now owns 1,315,215 shares of the financial services provider’s stock worth $124,801,000 after acquiring an additional 36,599 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Stock Performance

PRU stock opened at $112.05 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50 day moving average price of $111.52 and a 200 day moving average price of $103.50. Prudential Financial, Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $118.69. The stock has a market capitalization of $40.23 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37.

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

Prudential Financial Increases Dividend

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

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 7,222 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 24,381 shares in the company, valued at approximately $2,642,656.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Prudential Financial news, EVP Ann M. Kappler sold 7,222 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 24,381 shares in the company, valued at approximately $2,642,656.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy L. Schmidt sold 7,912 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the sale, the senior vice president now owns 14,754 shares of the company’s stock, valued at approximately $1,595,350.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,255 shares of company stock worth $3,215,664. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of Prudential Financial from $114.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Raymond James downgraded shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods increased their target price on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company increased their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, TheStreet upgraded shares of Prudential Financial from a “c+” rating to an “a-” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.33.

Prudential Financial Profile

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.