Y Intercept Hong Kong Ltd Acquires 14,667 Shares of Prudential Financial, Inc. $PRU

by · The Markets Daily

Y Intercept Hong Kong Ltd boosted its position in shares of Prudential Financial, Inc. (NYSE:PRU – Free Report) by 27.6% in the 4th quarter, HoldingsChannel reports. The firm owned 67,900 shares of the financial services provider’s stock after buying an additional 14,667 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Prudential Financial were worth $7,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new position in Prudential Financial during the 4th quarter valued at about $25,000. Salomon & Ludwin LLC lifted its holdings in Prudential Financial by 98.3% during the 4th quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 114 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Prudential Financial during the 4th quarter valued at about $28,000. Basepoint Wealth LLC bought a new position in Prudential Financial during the 4th quarter valued at about $30,000. Finally, Coston McIsaac & Partners lifted its holdings in Prudential Financial by 93.4% during the 4th quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 128 shares during the last quarter. 56.83% of the stock is owned by institutional investors.

Prudential Financial Trading Up 1.8%

PRU opened at $108.38 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $37.61 billion, a PE ratio of 11.15, a PEG ratio of 1.93 and a beta of 0.86. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $119.76. The firm has a 50-day moving average price of $100.53 and a two-hundred day moving average price of $104.35.

Prudential Financial (NYSE:PRU – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.52. The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. During the same quarter last year, the company posted $3.29 EPS. As a group, equities analysts anticipate that Prudential Financial, Inc. will post 13.84 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.40 per share. The ex-dividend date was Tuesday, May 26th. This represents a $5.60 annualized dividend and a dividend yield of 5.2%. Prudential Financial’s payout ratio is currently 57.61%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Prudential Financial from $93.00 to $100.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Argus downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Research downgraded shares of Prudential Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Finally, Bank of America lowered their price objective on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Ten analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Prudential Financial currently has a consensus rating of “Reduce” and a consensus price target of $101.50.

View Our Latest Research Report on Prudential Financial

About Prudential Financial

(Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

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