Prudential Financial, Inc. $PRU Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in Prudential Financial, Inc. (NYSE:PRU) by 94.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,334 shares of the financial services provider’s stock after selling 130,758 shares during the period. International Assets Investment Management LLC’s holdings in Prudential Financial were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PRU. Heritage Family Offices LLP acquired a new position in Prudential Financial during the third quarter worth $33,000. Calamos Advisors LLC lifted its holdings in Prudential Financial by 2.1% in the third quarter. Calamos Advisors LLC now owns 57,247 shares of the financial services provider’s stock valued at $6,502,000 after acquiring an additional 1,158 shares during the period. Alta Advisers Ltd purchased a new stake in shares of Prudential Financial during the 3rd quarter worth $273,000. Syverson Strege & Co grew its stake in shares of Prudential Financial by 17.4% during the 3rd quarter. Syverson Strege & Co now owns 2,379 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 353 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of Prudential Financial by 7.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 56,406 shares of the financial services provider’s stock worth $6,407,000 after purchasing an additional 3,695 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Insider Transactions at Prudential Financial

In related news, EVP Ann Kappler sold 7,652 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the sale, the executive vice president owned 14,407 shares in the company, valued at approximately $1,801,019.07. This trade represents a 34.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Prudential Financial Price Performance

Shares of NYSE:PRU opened at $122.24 on Tuesday. The business’s fifty day moving average price is $117.03 and its two-hundred day moving average price is $109.03. The stock has a market cap of $42.17 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.16 and a current ratio of 0.17. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $128.78.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.44. The company had revenue of $14.45 billion during the quarter, compared to analysts’ expectations of $14.66 billion. Prudential Financial had a return on equity of 16.38% and a net margin of 6.75%. During the same period in the previous year, the firm posted $4.26 earnings per share. On average, analysts forecast that Prudential Financial, Inc. will post 13.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Zacks Research lowered Prudential Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Barclays upped their price target on Prudential Financial from $94.00 to $98.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. Jefferies Financial Group dropped their price objective on Prudential Financial from $116.00 to $109.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, Weiss Ratings downgraded Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Prudential Financial presently has a consensus rating of “Reduce” and a consensus target price of $112.40.

Prudential Financial Profile

Prudential Financial, Inc is a financial services company headquartered in Newark, New Jersey. Founded in 1875 as the Prudential Friendly Society, it has grown into a provider of insurance, retirement and investment services.

The company offers life insurance, annuities, workplace benefits and retirement-related products and services. Through its asset management businesses, Prudential also serves individual and institutional investors.

Prudential serves customers in the United States and operates internationally, with a significant presence in Japan and other markets.