Oakbrook Investments LLC raised its stake in shares of Prudential Financial Inc (NYSE:PRU) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,025 shares of the financial services provider’s stock after buying an additional 4,725 shares during the quarter. Oakbrook Investments LLC’s holdings in Prudential Financial were worth $2,532,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PRU. APG Asset Management N.V. grew its position 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 buying an additional 1,709,699 shares during the period. Janus Henderson Group PLC grew its position 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 buying an additional 1,146,739 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Prudential Financial by 48.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock worth $243,013,000 after buying an additional 737,458 shares during the period. Vanguard Group Inc. grew its position in shares of Prudential Financial by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock worth $3,339,935,000 after buying an additional 612,799 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of Prudential Financial by 71.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,307,082 shares of the financial services provider’s stock worth $141,348,000 after buying an additional 544,185 shares during the period. Institutional investors own 64.50% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Sandler O’Neill restated a “buy” rating and set a $134.00 target price on shares of Prudential Financial in a research report on Thursday, January 11th. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, January 11th. Finally, FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and cut their price objective for the company from $117.00 to $100.00 in a report on Tuesday, October 10th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prudential Financial has an average rating of “Buy” and an average price target of $119.35.
Prudential Financial Inc (PRU) traded up $0.54 during trading hours on Thursday, hitting $123.98. The stock had a trading volume of 745,392 shares, compared to its average volume of 1,845,455. Prudential Financial Inc has a fifty-two week low of $97.88 and a fifty-two week high of $125.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $53,420.00, a PE ratio of 12.50, a PEG ratio of 1.26 and a beta of 1.55.
Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter in the previous year, the business posted $2.66 EPS. equities analysts anticipate that Prudential Financial Inc will post 10.49 earnings per share for the current year.
Prudential Financial announced that its board has approved a stock buyback plan on Thursday, December 14th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In other Prudential Financial news, insider Nicholas C. Silitch sold 44,860 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total value of $5,014,002.20. Following the sale, the insider now owns 27,927 shares in the company, valued at approximately $3,121,400.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Barbara Koster sold 16,801 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $115.17, for a total value of $1,934,971.17. Following the completion of the sale, the senior vice president now owns 37,327 shares in the company, valued at approximately $4,298,950.59. The disclosure for this sale can be found here. Insiders sold a total of 116,818 shares of company stock worth $13,154,122 in the last 90 days. Company insiders own 0.66% of the company’s stock.
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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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