287 Shares in Prudential Financial, Inc. (NYSE:PRU) Bought by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. purchased a new position in shares of Prudential Financial, Inc. (NYSE:PRU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 287 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other hedge funds have also bought and sold shares of PRU. Farther Finance Advisors LLC raised its stake in shares of Prudential Financial by 1.0% in the fourth quarter. Farther Finance Advisors LLC now owns 10,372 shares of the financial services provider’s stock valued at $1,229,000 after buying an additional 102 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Prudential Financial by 30.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,442 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 2,461 shares during the period. Moors & Cabot Inc. raised its stake in shares of Prudential Financial by 1.4% in the fourth quarter. Moors & Cabot Inc. now owns 8,407 shares of the financial services provider’s stock valued at $996,000 after buying an additional 119 shares during the period. AGF Management Ltd. raised its stake in shares of Prudential Financial by 158.4% in the fourth quarter. AGF Management Ltd. now owns 14,238 shares of the financial services provider’s stock valued at $1,688,000 after buying an additional 8,729 shares during the period. Finally, Miller Financial Services LLC bought a new stake in shares of Prudential Financial in the fourth quarter valued at $229,000. 56.83% of the stock is currently owned by institutional investors.

Prudential Financial Price Performance

Prudential Financial stock opened at $106.16 on Thursday. Prudential Financial, Inc. has a 52 week low of $104.15 and a 52 week high of $130.55. The business has a 50-day simple moving average of $114.79 and a 200 day simple moving average of $119.54. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The stock has a market cap of $38.00 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.98 and a beta of 1.28.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. On average, research analysts forecast that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be issued a $1.35 dividend. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Tuesday, February 18th. Prudential Financial’s dividend payout ratio is presently 72.29%.

Wall Street Analysts Forecast Growth

PRU has been the topic of several research reports. Piper Sandler lowered their target price on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group lifted their price target on Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets initiated coverage on Prudential Financial in a research report on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price target for the company. TD Cowen lifted their price target on Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on Prudential Financial from $113.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $126.15.

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.