BB&T Corp Has $6.36 Million Position in Prudential Financial, Inc. (PRU)

BB&T Corp raised its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 13.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,807 shares of the financial services provider’s stock after acquiring an additional 6,970 shares during the quarter. BB&T Corp’s holdings in Prudential Financial were worth $6,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PRU. BlackRock Inc. grew its stake in shares of Prudential Financial by 3,296.9% during the 1st quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock worth $3,437,330,000 after acquiring an additional 31,272,429 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Prudential Financial by 171.8% during the 3rd quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after acquiring an additional 1,709,699 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Prudential Financial by 1,997.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock worth $130,218,000 after acquiring an additional 1,146,739 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Prudential Financial by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock worth $3,229,469,000 after acquiring an additional 968,500 shares in the last quarter. Finally, AJO LP grew its stake in shares of Prudential Financial by 42.8% during the 2nd quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock worth $296,672,000 after acquiring an additional 821,881 shares in the last quarter. 64.87% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on PRU. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $119.00 target price on shares of Prudential Financial in a research note on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research note on Friday. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Prudential Financial has a consensus rating of “Buy” and an average price target of $115.13.

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Shares of Prudential Financial, Inc. (NYSE PRU) traded down $1.23 during trading on Friday, reaching $110.72. The company’s stock had a trading volume of 1,805,400 shares, compared to its average volume of 1,857,755. Prudential Financial, Inc. has a fifty-two week low of $95.88 and a fifty-two week high of $115.26. The firm has a market cap of $47,466.80, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.56. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter last year, the firm posted $2.66 EPS. sell-side analysts expect that Prudential Financial, Inc. will post 10.38 EPS for the current year.

About Prudential Financial

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

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

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