Prudential Financial, Inc. $PRU Shares Bought by Interval Partners LP

Interval Partners LP boosted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 473.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 303,102 shares of the financial services provider’s stock after purchasing an additional 250,202 shares during the quarter. Interval Partners LP’s holdings in Prudential Financial were worth $34,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRU. Jessup Wealth Management Inc acquired a new position in Prudential Financial during the fourth quarter worth about $25,000. Salomon & Ludwin LLC grew its position in Prudential Financial by 98.3% during the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock worth $27,000 after buying an additional 114 shares during the period. Lodestone Wealth Management LLC acquired a new position in Prudential Financial during the fourth quarter worth about $28,000. Coston McIsaac & Partners grew its position in Prudential Financial by 93.4% during the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock worth $29,000 after buying an additional 128 shares during the period. Finally, Wealth Watch Advisors INC acquired a new position in Prudential Financial during the third quarter worth about $30,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Stock Down 1.9%

Shares of NYSE PRU opened at $107.06 on Thursday. Prudential Financial, Inc. has a 12-month low of $91.89 and a 12-month high of $119.76. The company has a market capitalization of $37.15 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The firm’s 50-day moving average is $101.16 and its two-hundred day moving average is $104.33.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.52. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $3.29 earnings per share. Equities analysts anticipate that Prudential Financial, Inc. will post 13.86 EPS for the current fiscal year.

Prudential Financial Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on PRU shares. Weiss Ratings raised shares of Prudential Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Zacks Research raised shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Argus downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Evercore reaffirmed a “negative” rating on shares of Prudential Financial in a report on Friday, March 6th. Finally, UBS Group reduced their price target on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Prudential Financial presently has an average rating of “Reduce” and an average target price of $101.50.

Prudential Financial Profile

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.