National Pension Service boosted its position in Prudential Financial Inc. (NYSE:PRU) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,670 shares of the company’s stock after buying an additional 25,243 shares during the period. National Pension Service owned 0.07% of Prudential Financial worth $26,346,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Murphy Capital Management Inc. increased its stake in shares of Prudential Financial by 0.3% in the second quarter. Murphy Capital Management Inc. now owns 3,138 shares of the company’s stock worth $223,000 after buying an additional 8 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Prudential Financial by 0.4% in the second quarter. Hudock Capital Group LLC now owns 2,682 shares of the company’s stock worth $191,000 after buying an additional 10 shares in the last quarter. Concert Wealth Management Inc. increased its stake in shares of Prudential Financial by 0.3% in the second quarter. Concert Wealth Management Inc. now owns 12,450 shares of the company’s stock worth $879,000 after buying an additional 42 shares in the last quarter. Arrow Financial Corp increased its stake in shares of Prudential Financial by 1.4% in the second quarter. Arrow Financial Corp now owns 4,935 shares of the company’s stock worth $352,000 after buying an additional 66 shares in the last quarter. Finally, Point View Wealth Management Inc. increased its stake in shares of Prudential Financial by 1.0% in the second quarter. Point View Wealth Management Inc. now owns 6,806 shares of the company’s stock worth $486,000 after buying an additional 70 shares in the last quarter. Institutional investors own 60.46% of the company’s stock.

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

Prudential Financial Inc. (NYSE:PRU) traded up 0.33% on Tuesday, hitting $99.73. The stock had a trading volume of 269,084 shares. The company has a market cap of $42.88 billion, a P/E ratio of 9.40 and a beta of 1.68. The stock’s 50-day moving average is $89.97 and its 200-day moving average is $79.94. Prudential Financial Inc. has a 52-week low of $57.19 and a 52-week high of $101.96.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.17. Prudential Financial had a net margin of 8.92% and a return on equity of 7.73%. During the same quarter last year, the company posted $2.40 earnings per share. Analysts expect that Prudential Financial Inc. will post $8.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd will be given a $0.70 dividend. The ex-dividend date is Friday, November 18th. This represents a $2.80 annualized dividend and a yield of 2.80%. Prudential Financial’s dividend payout ratio (DPR) is presently 26.32%.

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PRU has been the topic of a number of analyst reports. Goldman Sachs Group Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $80.00 to $93.00 in a research report on Friday, September 23rd. Wells Fargo & Co. initiated coverage on Prudential Financial in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. Credit Suisse Group AG initiated coverage on Prudential Financial in a research report on Friday, October 7th. They set a “neutral” rating and a $89.00 price target on the stock. FBR & Co downgraded Prudential Financial from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research report on Tuesday, October 18th. They noted that the move was a valuation call. Finally, Bank of America Corp. raised Prudential Financial from an “underperform” rating to a “buy” rating in a report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $90.67.

In related news, insider Charles F. Lowrey sold 41,644 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $80.00, for a total value of $3,331,520.00. Following the completion of the transaction, the insider now directly owns 98,307 shares in the company, valued at $7,864,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Falzon sold 9,781 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $831,385.00. Following the completion of the transaction, the chief financial officer now owns 46,550 shares of the company’s stock, valued at $3,956,750. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

About Prudential Financial

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

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