Commonwealth Equity Services Inc increased its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,823 shares of the financial services provider’s stock after acquiring an additional 1,969 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Prudential Financial were worth $8,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PRU. Fieldpoint Private Securities LLC acquired a new position in Prudential Financial in the second quarter valued at about $103,000. Hudock Capital Group LLC lifted its position in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after buying an additional 8 shares during the last quarter. Legacy Advisors LLC acquired a new position in Prudential Financial in the third quarter valued at about $129,000. Accurate Investment Solutions Inc. lifted its position in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after buying an additional 38 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in Prudential Financial by 128.8% in the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after buying an additional 957 shares during the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have commented on PRU shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $117.00 target price on shares of Prudential Financial in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, October 10th. Citigroup Inc. upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, October 17th. Morgan Stanley boosted their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Prudential Financial has a consensus rating of “Buy” and an average target price of $115.13.

In other Prudential Financial news, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the transaction, the executive vice president now owns 79,354 shares in the company, valued at $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Prudential Financial, Inc. (PRU) traded down $0.12 during mid-day trading on Friday, hitting $110.25. 1,231,334 shares of the company were exchanged, compared to its average volume of 1,854,334. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial, Inc. has a 12-month low of $97.88 and a 12-month high of $115.26. The stock has a market capitalization of $47,550.00, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.56.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. sell-side analysts forecast that Prudential Financial, Inc. will post 10.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. Prudential Financial’s payout ratio is 30.24%.

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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