Olstein Capital Management L.P. lifted its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,000 shares of the financial services provider’s stock after buying an additional 6,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Prudential Financial were worth $6,167,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. APG Asset Management N.V. increased its position in 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 purchasing an additional 1,709,699 shares in the last quarter. Janus Henderson Group PLC increased its position in Prudential Financial by 1,997.1% during the 2nd 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. increased its position in Prudential Financial by 2.9% during the 2nd 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 increased its position in Prudential Financial by 42.8% during the 2nd 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 increased its position in Prudential Financial by 48.8% during the 2nd 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. 64.07% of the stock is owned by institutional investors and hedge funds.

Shares of Prudential Financial, Inc. (PRU) traded up $0.04 during trading hours on Wednesday, hitting $110.06. The stock had a trading volume of 1,271,600 shares, compared to its average volume of 1,850,889. 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 1-year low of $97.88 and a 1-year high of $115.26. The stock has a market cap of $46,648.48, a PE ratio of 10.63, a P/E/G ratio of 1.25 and a beta of 1.56.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter in the previous year, the business earned $2.66 EPS. research analysts expect that Prudential Financial, Inc. will post 10.38 EPS for the current year.

The company also recently announced 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 2.73%. The ex-dividend date is Friday, November 24th. Prudential Financial’s payout ratio is currently 30.18%.

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In other news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 79,354 shares in the company, valued at approximately $8,880,506.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas C. Silitch sold 44,860 shares of the business’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 value of $5,014,002.20. Following the transaction, the insider now directly owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

A number of analysts recently commented on the company. BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $115.64.

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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