Usca Ria LLC Sells 556 Shares of Prudential Financial Inc (NYSE:PRU)

Usca Ria LLC decreased its stake in shares of Prudential Financial Inc (NYSE:PRU) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,393 shares of the financial services provider’s stock after selling 556 shares during the period. Prudential Financial makes up 0.7% of Usca Ria LLC’s investment portfolio, making the stock its 29th largest holding. Usca Ria LLC’s holdings in Prudential Financial were worth $8,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Prudential Financial by 1.2% during the second quarter. Victory Capital Management Inc. now owns 149,231 shares of the financial services provider’s stock worth $15,072,000 after acquiring an additional 1,740 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Prudential Financial by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,310 shares of the financial services provider’s stock worth $2,960,000 after acquiring an additional 338 shares in the last quarter. United Services Automobile Association boosted its stake in Prudential Financial by 78.4% during the second quarter. United Services Automobile Association now owns 344,622 shares of the financial services provider’s stock worth $34,807,000 after acquiring an additional 151,447 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Prudential Financial by 11.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 58,084 shares of the financial services provider’s stock worth $5,885,000 after acquiring an additional 6,163 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in Prudential Financial during the second quarter worth about $77,000. 62.02% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on PRU shares. DOWLING & PARTN reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday, November 18th. Citigroup cut shares of Prudential Financial from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $88.00 to $86.00 in a report on Monday, November 25th. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price objective on shares of Prudential Financial in a report on Sunday, December 22nd. UBS Group boosted their price objective on shares of Prudential Financial from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Morgan Stanley reduced 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 report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Prudential Financial has an average rating of “Hold” and a consensus target price of $97.75.

Shares of PRU traded down $2.25 during mid-day trading on Monday, reaching $91.27. The stock had a trading volume of 136,652 shares, compared to its average volume of 1,694,930. The firm has a market cap of $37.60 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.84 and a beta of 1.59. Prudential Financial Inc has a 12 month low of $77.65 and a 12 month high of $106.39. The business has a fifty day moving average of $94.25 and a 200 day moving average of $91.43. 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 (NYSE:PRU) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $3.22 earnings per share for the quarter, topping the Zacks’ 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 period in the prior year, the business posted $3.15 earnings per share. On average, research analysts forecast that Prudential Financial Inc will post 11.43 EPS for the current fiscal year.

About Prudential Financial

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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