Community Bank N.A. raised its stake in Prudential Financial Inc (NYSE:PRU) by 269.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,353 shares of the financial services provider’s stock after purchasing an additional 987 shares during the period. Community Bank N.A.’s holdings in Prudential Financial were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PRU. APG Asset Management N.V. raised 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 acquiring an additional 1,709,699 shares in the last quarter. Legal & General Group Plc raised its position in shares of Prudential Financial by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 2,341,330 shares of the financial services provider’s stock worth $248,931,000 after acquiring an additional 52,597 shares in the last quarter. Swiss National Bank raised its position in shares of Prudential Financial by 0.6% during the 3rd quarter. Swiss National Bank now owns 1,580,987 shares of the financial services provider’s stock worth $168,091,000 after acquiring an additional 10,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Prudential Financial by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,561,532 shares of the financial services provider’s stock worth $179,545,000 after acquiring an additional 81,628 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Prudential Financial by 4.9% during the 4th quarter. Bank of Montreal Can now owns 1,551,788 shares of the financial services provider’s stock worth $178,423,000 after acquiring an additional 72,507 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on PRU shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $127.00 target price on shares of Prudential Financial in a research report on Thursday, December 21st. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. ValuEngine lowered Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Citigroup raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, October 17th. Finally, Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, January 8th. Seven 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 presently has a consensus rating of “Buy” and a consensus target price of $119.06.

Prudential Financial Inc (NYSE PRU) opened at $105.00 on Friday. The stock has a market capitalization of $47,136.08, a P/E ratio of 5.77, a P/E/G ratio of 1.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial Inc has a 12 month low of $97.88 and a 12 month high of $127.14.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.05. The firm had revenue of $15.25 billion for the quarter, compared to the consensus estimate of $12.87 billion. Prudential Financial had a return on equity of 9.55% and a net margin of 13.41%. During the same quarter last year, the business posted $2.46 EPS. analysts expect that Prudential Financial Inc will post 12.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.43%. This is an increase from Prudential Financial’s previous quarterly dividend of $0.75. Prudential Financial’s dividend payout ratio (DPR) is currently 16.75%.

Prudential Financial declared that its board has initiated a share repurchase program on Thursday, December 14th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, SVP Barbara Koster sold 16,801 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $4,298,950.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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. Company insiders own 0.66% of the company’s stock.

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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.

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

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