保诚金融公司（纽约证券交易所代码：PRU）的持股量被第一联合银行和信托基金下调

First United Bank & Trust reduced its position in shares of Prudential Financial, Inc. (NYSE:PRU – Get Rating) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,875 shares of the financial services provider's stock after selling 283 shares during the quarter. First United Bank & Trust's holdings in Prudential Financial were worth $584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRU. Fairfield Bush & CO. acquired a new stake in shares of Prudential Financial during the first quarter worth $36,000. Fiduciary Alliance LLC acquired a new position in Prudential Financial in the 4th quarter valued at approximately $41,000. Exos TFP Holdings LLC acquired a new stake in Prudential Financial during the third quarter valued at $36,000. Tsfg LLC increased its holdings in Prudential Financial by 45.7% in the third quarter. Tsfg LLC now owns 459 shares of the financial services provider's stock worth $39,000 after buying an additional 144 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Prudential Financial in the 3rd quarter valued at $40,000. 56.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PRU. JPMorgan Chase & Co. reduced their price objective on shares of Prudential Financial from $118.00 to $114.00 and set a "neutral" rating for the company in a research note on Wednesday, February 8th. Wells Fargo & Company raised their target price on Prudential Financial from $97.00 to $100.00 and gave the stock an "underweight" rating in a research report on Monday, February 13th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $110.00 target price on shares of Prudential Financial in a research note on Thursday, February 9th. The Goldman Sachs Group cut shares of Prudential Financial from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $98.00 to $96.00 in a research report on Monday, January 9th. Finally, Morgan Stanley lifted their price objective on Prudential Financial from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 10th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $103.00.

Insider Activity at Prudential Financial

In other news, EVP Andrew F. Sullivan sold 11,405 shares of the business's stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $100.95, for a total value of $1,151,334.75. Following the transaction, the executive vice president now directly owns 12,300 shares of the company's stock, valued at approximately $1,241,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Prudential Financial news, EVP Andrew F. Sullivan sold 4,126 shares of the company's stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $99.20, for a total transaction of $409,299.20. Following the transaction, the executive vice president now owns 12,241 shares in the company, valued at $1,214,307.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew F. Sullivan sold 11,405 shares of Prudential Financial stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $100.95, for a total value of $1,151,334.75. Following the transaction, the executive vice president now owns 12,300 shares of the company's stock, valued at approximately $1,241,685. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Prudential Financial Trading Up 2.0 %

Shares of Prudential Financial stock opened at $79.13 on Monday. Prudential Financial, Inc. has a 52-week low of $75.37 and a 52-week high of $122.54. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.07 and a quick ratio of 0.07. The business's 50 day simple moving average is $96.32 and its 200 day simple moving average is $98.35.

Prudential Financial (NYSE:PRU – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The financial services provider reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.15). Prudential Financial had a positive return on equity of 13.31% and a negative net margin of 2.33%. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.78 billion. During the same quarter in the previous year, the business earned $3.18 EPS. On average, equities research analysts forecast that Prudential Financial, Inc. will post 12.2 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Tuesday, February 21st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, February 17th. This is an increase from Prudential Financial's previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 6.32%. Prudential Financial's dividend payout ratio (DPR) is currently -126.90%.

Prudential Financial announced that its board has approved a share repurchase plan on Tuesday, February 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

About Prudential Financial

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Prudential Financial, Inc engages in the provision of insurance, investment management, and other financial products and services to both individual and institutional customers. It operates through the following segments: PGIM, U.S. Businesses, International Businesses, Closed Block, and Corporate and Others.

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