Paragon Capital Management Ltd Acquires 981 Shares of Prudential Financial Inc (PRU)

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Paragon Capital Management Ltd grew its position in Prudential Financial Inc (NYSE:PRU) by 35.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,736 shares of the financial services provider’s stock after purchasing an additional 981 shares during the quarter. Paragon Capital Management Ltd’s holdings in Prudential Financial were worth $305,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in shares of Prudential Financial by 79.0% in the second quarter. Schroder Investment Management Group now owns 96,063 shares of the financial services provider’s stock valued at $8,991,000 after purchasing an additional 42,405 shares during the period. FMR LLC boosted its holdings in shares of Prudential Financial by 14.7% in the second quarter. FMR LLC now owns 924,470 shares of the financial services provider’s stock valued at $86,447,000 after purchasing an additional 118,820 shares during the period. United Services Automobile Association boosted its holdings in shares of Prudential Financial by 13.3% in the second quarter. United Services Automobile Association now owns 345,772 shares of the financial services provider’s stock valued at $32,333,000 after purchasing an additional 40,478 shares during the period. Northwest Bancshares Inc. boosted its holdings in shares of Prudential Financial by 13.1% in the third quarter. Northwest Bancshares Inc. now owns 24,860 shares of the financial services provider’s stock valued at $2,519,000 after purchasing an additional 2,876 shares during the period. Finally, BTR Capital Management Inc. purchased a new stake in shares of Prudential Financial in the third quarter valued at approximately $253,000. 66.23% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on PRU. Zacks Investment Research downgraded shares of Prudential Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Evercore ISI raised shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price objective for the company in a research note on Wednesday, January 9th. Morgan Stanley reduced their price objective on shares of Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, November 8th. Finally, Wells Fargo & Co began coverage on shares of Prudential Financial in a research note on Tuesday, January 8th. They issued an “outperform” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $114.19.

Shares of PRU stock opened at $93.87 on Thursday. The firm has a market cap of $38.56 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $113.03.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.44). The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $14.03 billion. Prudential Financial had a return on equity of 10.20% and a net margin of 7.01%. During the same period in the previous year, the company posted $2.69 earnings per share. On average, analysts predict that Prudential Financial Inc will post 12.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Wednesday, February 20th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 19th. This is an increase from Prudential Financial’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.26%. Prudential Financial’s dividend payout ratio is presently 30.80%.

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Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

Further Reading: Straddles

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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