Callan Family Office LLC Has $804,000 Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Callan Family Office LLC lifted its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 250.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,781 shares of the financial services provider’s stock after purchasing an additional 4,846 shares during the quarter. Callan Family Office LLC’s holdings in Prudential Financial were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PRU. Van ECK Associates Corp grew its holdings in shares of Prudential Financial by 49.5% during the 3rd quarter. Van ECK Associates Corp now owns 17,600 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 5,825 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Prudential Financial by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 419,733 shares of the financial services provider’s stock worth $50,830,000 after purchasing an additional 15,695 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth approximately $385,000. Verdence Capital Advisors LLC grew its holdings in shares of Prudential Financial by 4.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,555 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 102 shares in the last quarter. Finally, Klingman & Associates LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth approximately $318,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Trading Up 1.1 %

PRU stock opened at $111.35 on Friday. The company has a market cap of $39.86 billion, a P/E ratio of 14.91, a PEG ratio of 0.98 and a beta of 1.28. Prudential Financial, Inc. has a twelve month low of $104.44 and a twelve month high of $130.55. 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 business has a fifty day moving average of $115.53 and a 200-day moving average of $119.74.

Prudential Financial (NYSE:PRU) last released its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share 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%. As a group, equities research analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.85%. This is an increase from Prudential Financial’s previous quarterly dividend of $1.30. Prudential Financial’s payout ratio is presently 72.29%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PRU shares. BMO Capital Markets began coverage on Prudential Financial in a report on Thursday, January 23rd. They set an “underperform” rating and a $101.00 price objective on the stock. Morgan Stanley cut their target price on Prudential Financial from $136.00 to $128.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Barclays raised their target price on Prudential Financial from $128.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised their target price on Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and raised their target price for the stock from $117.00 to $140.00 in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prudential Financial presently has an average rating of “Hold” and an average target price 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.