Asset Management One Co. Ltd. trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 720,273 shares of the financial services provider’s stock after selling 6,336 shares during the period. Asset Management One Co. Ltd. owned approximately 0.17% of Prudential Financial worth $76,558,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PRU. Fieldpoint Private Securities LLC acquired a new stake in shares of Prudential Financial during the 2nd quarter worth $103,000. Grove Bank & Trust increased its holdings in shares of Prudential Financial by 507.0% during the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after buying an additional 943 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth $129,000. Finally, Advisory Services Network LLC increased its holdings in shares of Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after buying an additional 957 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.
Prudential Financial, Inc. (PRU) traded down $0.13 during trading hours on Thursday, reaching $115.38. 1,247,800 shares of the company’s stock were exchanged, compared to its average volume of 1,850,842. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $48,976.24, a PE ratio of 11.16, a P/E/G ratio of 1.30 and a beta of 1.55. Prudential Financial, Inc. has a one year low of $97.88 and a one year high of $117.99.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period in the prior year, the company posted $2.66 EPS. analysts predict that Prudential Financial, Inc. will post 10.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Monday, November 27th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a yield of 2.60%. Prudential Financial’s payout ratio is currently 30.18%.
In other Prudential Financial news, EVP Timothy P. Harris sold 10,527 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total value of $1,210,605.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,017 shares of company stock valued at $11,219,151. 0.66% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on the company. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $115.64.
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Prudential Financial Profile
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.
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