Los Angeles Capital Management & Equity Research Inc. lessened its stake in Prudential Financial, Inc. (NYSE:PRU) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,183 shares of the financial services provider’s stock after selling 135,729 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of Prudential Financial worth $42,441,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in PRU. APG Asset Management N.V. boosted its holdings in shares of Prudential Financial by 171.8% in the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock valued at $287,566,000 after buying an additional 1,709,699 shares during the period. Janus Henderson Group PLC lifted its position in shares of Prudential Financial by 1,997.1% in the second quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock worth $130,218,000 after purchasing an additional 1,146,739 shares in the last quarter. BlackRock Inc. lifted its position in shares of Prudential Financial by 2.9% in the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock worth $3,585,415,000 after purchasing an additional 934,352 shares in the last quarter. AJO LP lifted its position in shares of Prudential Financial by 42.8% in the second quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock worth $296,672,000 after purchasing an additional 821,881 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Prudential Financial by 48.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock worth $243,013,000 after purchasing an additional 737,458 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.
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In other Prudential Financial news, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the sale, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
A number of analysts have recently commented on the stock. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $119.00 price target on shares of Prudential Financial in a research report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Finally, ValuEngine lowered shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $115.13.
Prudential Financial, Inc. (NYSE:PRU) traded down $0.28 during mid-day trading on Tuesday, hitting $110.44. 1,614,400 shares of the company traded hands, compared to its average volume of 1,856,644. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial, Inc. has a fifty-two week low of $95.95 and a fifty-two week high of $115.26. The firm has a market capitalization of $46,945.28, a P/E ratio of 10.70, a PEG ratio of 1.25 and a beta of 1.56.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.30. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate 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 earnings per share. equities research analysts anticipate that Prudential Financial, Inc. will post 10.38 earnings per share for the current fiscal year.
Prudential Financial Company 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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