Swiss National Bank increased its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,580,987 shares of the financial services provider’s stock after purchasing an additional 10,000 shares during the period. Swiss National Bank owned 370,254.57% of Prudential Financial worth $168,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Prudential Financial by 25.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,649 shares of the financial services provider’s stock valued at $2,341,000 after acquiring an additional 4,372 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in Prudential Financial by 2.2% in the second quarter. Seizert Capital Partners LLC now owns 114,414 shares of the financial services provider’s stock valued at $12,373,000 after acquiring an additional 2,421 shares in the last quarter. APG Asset Management N.V. boosted its stake in Prudential Financial by 171.8% in the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock valued at $287,566,000 after acquiring an additional 1,709,699 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Prudential Financial by 8.3% in the second quarter. Pacer Advisors Inc. now owns 9,822 shares of the financial services provider’s stock valued at $1,062,000 after acquiring an additional 754 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Prudential Financial by 253.2% in the second quarter. Bank of Nova Scotia now owns 347,743 shares of the financial services provider’s stock valued at $37,605,000 after acquiring an additional 249,277 shares in the last quarter. Institutional investors own 64.87% of the company’s stock.

Prudential Financial, Inc. (NYSE:PRU) traded up $0.31 on Thursday, reaching $112.75. 257,241 shares of the company’s stock were exchanged, compared to its average volume of 1,548,478. Prudential Financial, Inc. has a one year low of $87.39 and a one year high of $115.26. The stock has a market capitalization of $47,462.56, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.56. 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 (NYSE:PRU) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter last year, the business earned $2.66 earnings per share. analysts predict that Prudential Financial, Inc. will post 10.38 earnings per share for the current year.

Several brokerages have weighed in on PRU. BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Morgan Stanley raised their target price on shares of Prudential Financial from $123.00 to $124.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and issued a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a report on Wednesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $115.13.

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About Prudential Financial

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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