DekaBank Deutsche Girozentrale Acquires 10,036 Shares of Prudential Financial, Inc. (PRU)
DekaBank Deutsche Girozentrale lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,228 shares of the financial services provider’s stock after purchasing an additional 10,036 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.10% of Prudential Financial worth $46,359,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PRU. M Holdings Securities Inc. increased its holdings in shares of Prudential Financial by 4.0% during the first quarter. M Holdings Securities Inc. now owns 4,250 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 164 shares during the period. Copper Rock Capital Partners LLC increased its holdings in shares of Prudential Financial by 63.9% during the second quarter. Copper Rock Capital Partners LLC now owns 4,396 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 1,714 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Prudential Financial by 9.7% during the second quarter. Xact Kapitalforvaltning AB now owns 101,780 shares of the financial services provider’s stock worth $11,006,000 after purchasing an additional 9,007 shares during the period. Trust Co increased its holdings in shares of Prudential Financial by 1.0% during the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 20 shares during the period. Finally, Hexavest Inc. bought a new position in shares of Prudential Financial during the second quarter worth approximately $20,091,000. 64.48% of the stock is currently owned by institutional investors.
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Shares of Prudential Financial, Inc. (PRU) traded down $0.28 during trading hours on Tuesday, hitting $110.44. 1,614,400 shares of the stock were exchanged, compared to its average volume of 1,856,644. The firm has a market capitalization of $46,945.28, a price-to-earnings ratio of 10.70, a PEG ratio of 1.25 and a beta of 1.56. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial, Inc. has a 52 week low of $95.95 and a 52 week high of $115.26.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.30. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates 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 in the previous year, the business earned $2.66 earnings per share. research analysts anticipate that Prudential Financial, Inc. will post 10.38 earnings per share for the current fiscal year.
In other news, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the transaction, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the transaction, the executive vice president now owns 79,354 shares in the company, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on PRU shares. Royal Bank Of Canada reissued a “hold” rating and issued a $117.00 price objective on shares of Prudential Financial in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, October 10th. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, October 17th. Morgan Stanley lifted 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. Finally, BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $115.13.
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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