Sigma Planning Corp lessened its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,267 shares of the financial services provider’s stock after selling 550 shares during the period. Sigma Planning Corp’s holdings in Prudential Financial were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of PRU. BKD Wealth Advisors LLC increased its holdings in Prudential Financial by 21.3% during the 2nd quarter. BKD Wealth Advisors LLC now owns 4,890 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 860 shares during the period. Capital One National Association grew its stake in Prudential Financial by 138.0% in the 2nd quarter. Capital One National Association now owns 18,056 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 10,468 shares in the last quarter. Atria Investments LLC grew its stake in Prudential Financial by 18.5% in the 2nd quarter. Atria Investments LLC now owns 18,324 shares of the financial services provider’s stock worth $1,982,000 after buying an additional 2,862 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its stake in Prudential Financial by 12.1% in the 2nd quarter. Gillespie Robinson & Grimm Inc. now owns 3,249 shares of the financial services provider’s stock worth $351,000 after buying an additional 350 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in Prudential Financial by 1.6% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after buying an additional 38 shares in the last quarter. 64.48% of the stock is currently owned by institutional investors and hedge funds.
In other Prudential Financial news, EVP Charles F. Lowrey sold 44,630 shares of the firm’s stock in a transaction that occurred on 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 owns 79,354 shares in the company, valued at approximately $8,880,506.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the firm’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 transaction 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 disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
PRU has been the subject of a number of research reports. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, October 17th. Morgan Stanley upped their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Prudential Financial in a research note on Friday, November 3rd. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Prudential Financial currently has an average rating of “Buy” and an average price target of $115.13.
Shares of Prudential Financial, Inc. (NYSE PRU) traded up $0.15 during midday trading on Friday, hitting $110.37. 1,857,500 shares of the stock were exchanged, compared to its average volume of 1,857,134. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market cap of $46,733.28, a P/E ratio of 10.65, a PEG ratio of 1.25 and a beta of 1.56. Prudential Financial, Inc. has a 12-month low of $97.53 and a 12-month high of $115.26.
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 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 quarter last year, the firm posted $2.66 EPS. equities research analysts forecast that Prudential Financial, Inc. will post 10.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, November 24th. Prudential Financial’s payout ratio is presently 30.18%.
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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