BlueStem Wealth Partners LLC Invests in Prudential Financial, Inc.

BlueStem Wealth Partners LLC has recently acquired a new stake in Prudential Financial, Inc. (NYSE:PRU) during the fourth quarter, as indicated by its latest filing with the Securities and Exchange Commission (SEC). Specifically, the fund purchased 3,597 shares of Prudential Financial's stock, which is valued at around $426,000.

Recent Institutional Investments

Other institutional investors have also adjusted their positions in Prudential Financial. For example, Grove Bank & Trust has increased its stake in the company by 65.9% during the fourth quarter and now owns 219 shares worth about $26,000 after acquiring an additional 87 shares in that quarter. Centricity Wealth Management LLC purchased a new stake valued at $29,000 and Ashton Thomas Securities LLC also bought in during the third quarter for $31,000. CGC Financial Services LLC raised its position in Prudential by 82.1% in the fourth quarter, owning 275 shares valued at $33,000 after the purchase of 124 additional shares. Finally, Wingate Wealth Advisors Inc. bought shares valued at approximately $33,000 during the last quarter. Currently, institutional investors own about 56.83% of Prudential's stock.

Analysts' Price Targets

Several analysts have recently updated their price estimates for Prudential Financial's shares. Wells Fargo & Company increased their price target from $113.00 to $118.00 and maintained an "equal weight" rating. Piper Sandler lowered their target from $127.00 to $124.00, giving the stock a "neutral" rating. Jefferies Financial Group raised the price target from $149.00 to $152.00 with a "buy" rating. TD Cowen adjusted their price target from $130.00 to $133.00, maintaining a "hold" rating. Barclays also increased their price target from $128.00 to $134.00, keeping an "equal weight" rating. Overall, one analyst has issued a sell rating, ten have a hold rating, one a buy rating, and one a strong buy rating. The average rating for Prudential Financial is currently "Hold" with a target price of $126.15, according to MarketBeat data.

Current Stock Performance

As of the latest market opening, Prudential Financial's stock price started at $115.07. The firm’s market cap stands at $41.20 billion, with a price-to-earnings ratio of 15.40 and a beta of 1.31. Financial ratios show a current ratio of 0.16, quick ratio of 0.16, and a debt-to-equity ratio of 0.68. Over the past 50 days, the moving average price was $116.35 while the 200-day moving average price is $119.84. The stock has experienced a 52-week low of $104.44 and a high of $130.55. Recently, Prudential Financial announced its quarterly earnings, reporting an EPS of $2.96 which fell short of the consensus estimate of $3.36.

Dividend Information

Prudential Financial has declared its quarterly dividend, which is set to be paid on March 13th to shareholders on record by February 18th. The dividend will amount to $1.35 per share, slightly up from the previous $1.30. This translates to an annualized dividend of $5.40, yielding approximately 4.69%, with a payout ratio of 72.29%.

Company Overview

Prudential Financial, Inc. and its subsidiaries offer a wide range of insurance, investment management, and other financial products and services both in the U.S. and overseas. It operates through various segments including PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses.

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