Regent Investment Management LLC boosted its position in shares of Prudential Financial Inc (NYSE:PRU) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,075 shares of the financial services provider’s stock after buying an additional 1,125 shares during the period. Regent Investment Management LLC’s holdings in Prudential Financial were worth $2,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRU. Bank of New York Mellon Corp increased its position in Prudential Financial by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 3,365,815 shares of the financial services provider’s stock worth $341,024,000 after buying an additional 13,097 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of Prudential Financial by 3.2% in the third quarter. Standard Life Aberdeen plc now owns 344,066 shares of the financial services provider’s stock valued at $34,862,000 after purchasing an additional 10,764 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Prudential Financial by 65.5% in the third quarter. Macquarie Group Ltd. now owns 235,465 shares of the financial services provider’s stock valued at $23,857,000 after purchasing an additional 93,174 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Prudential Financial in the third quarter valued at approximately $3,525,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Prudential Financial by 131.2% in the third quarter. Neuberger Berman Group LLC now owns 124,520 shares of the financial services provider’s stock valued at $12,616,000 after purchasing an additional 70,658 shares during the period. 65.60% of the stock is currently owned by institutional investors.

Shares of Prudential Financial stock traded down $0.16 during trading on Monday, reaching $103.67. The company’s stock had a trading volume of 304,234 shares, compared to its average volume of 1,987,416. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.14 and a quick ratio of 0.14. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $108.92. The company has a market cap of $42.19 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.90 and a beta of 1.43.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.88 by ($0.44). Prudential Financial had a net margin of 7.01% and a return on equity of 10.20%. The business had revenue of $17.78 billion during the quarter, compared to analysts’ expectations of $14.03 billion. During the same quarter last year, the firm earned $2.69 earnings per share. On average, equities research analysts anticipate that Prudential Financial Inc will post 12.78 EPS for the current fiscal year.

In related news, insider Nicholas C. Silitch sold 13,000 shares of Prudential Financial stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $95.25, for a total value of $1,238,250.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Pelletier sold 26,006 shares of Prudential Financial stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $94.04, for a total value of $2,445,604.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,538 shares of company stock worth $4,298,777. Company insiders own 0.76% of the company’s stock.

A number of research analysts have recently issued reports on PRU shares. Zacks Investment Research reissued a “sell” rating on shares of Prudential Financial in a report on Monday, December 31st. Wells Fargo & Co started coverage on Prudential Financial in a report on Tuesday, January 8th. They issued an “outperform” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $113.00 target price on shares of Prudential Financial in a report on Wednesday, January 9th. Evercore ISI raised Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 target price on the stock in a report on Wednesday, January 9th. Finally, UBS Group boosted their target price on Prudential Financial from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $112.21.

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Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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