Bank of The West trimmed its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,362 shares of the financial services provider’s stock after selling 1,457 shares during the quarter. Prudential Financial accounts for 1.2% of Bank of The West’s holdings, making the stock its 14th biggest position. Bank of The West’s holdings in Prudential Financial were worth $9,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. increased its stake in Prudential Financial by 232.2% during the 4th quarter. FTB Advisors Inc. now owns 1,073 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 750 shares in the last quarter. Cerebellum GP LLC acquired a new position in Prudential Financial during the 4th quarter worth approximately $127,000. Grove Bank & Trust boosted its position in 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 acquiring an additional 943 shares during the last quarter. Legacy Advisors LLC acquired a new position in Prudential Financial during the 3rd quarter worth approximately $129,000. Finally, Zions Bancorporation boosted its position in Prudential Financial by 44.9% during the 3rd quarter. Zions Bancorporation now owns 1,690 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 524 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on PRU. Wells Fargo & Co reaffirmed a “hold” rating and set a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Sandler O’Neill reaffirmed a “buy” rating and set a $134.00 price target on shares of Prudential Financial in a research report on Thursday, January 11th. FBR & Co raised Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Finally, Atlantic Securities raised Prudential Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Prudential Financial currently has a consensus rating of “Buy” and an average price target of $119.35.

Shares of Prudential Financial Inc (NYSE PRU) opened at $110.99 on Wednesday. The company has a market capitalization of $47,770.00, a P/E ratio of 11.19, a PEG ratio of 1.19 and a beta of 1.49. 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 Inc has a twelve month low of $97.88 and a twelve month high of $127.14.

Prudential Financial announced that its board has approved a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider Nicholas C. Silitch sold 44,860 shares of the 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 completion of the sale, the insider now owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy P. Harris sold 10,527 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total value of $1,210,605.00. The disclosure for this sale can be found here. In the last three months, insiders sold 72,188 shares of company stock valued at $8,159,578. 0.66% of the stock is currently owned by insiders.

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

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