Dimensional Fund Advisors LP cut its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,938,774 shares of the financial services provider’s stock after selling 19,408 shares during the period. Dimensional Fund Advisors LP owned about 0.69% of Prudential Financial worth $312,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRU. Sei Investments Co. lifted its position in Prudential Financial by 92.3% in the second quarter. Sei Investments Co. now owns 68,728 shares of the financial services provider’s stock valued at $7,433,000 after acquiring an additional 32,989 shares during the last quarter. Global X Management Co. LLC lifted its position in Prudential Financial by 27.8% in the second quarter. Global X Management Co. LLC now owns 3,331 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 725 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Prudential Financial by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 733,685 shares of the financial services provider’s stock valued at $79,341,000 after acquiring an additional 225,300 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Prudential Financial by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 6,585 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 64 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Prudential Financial by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,406,368 shares of the financial services provider’s stock valued at $152,085,000 after acquiring an additional 64,810 shares during the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy P. Harris sold 10,527 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total transaction of $1,210,605.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,017 shares of company stock worth $11,219,151. Company insiders own 0.66% of the company’s stock.

Shares of Prudential Financial, Inc. (NYSE PRU) traded up $0.82 during trading hours on Friday, hitting $117.15. 1,176,157 shares of the stock were exchanged, compared to its average volume of 1,639,982. Prudential Financial, Inc. has a 1-year low of $97.88 and a 1-year high of $117.99. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $49,323.92, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the prior year, the company earned $2.66 earnings per share. equities research analysts forecast that Prudential Financial, Inc. will post 10.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders 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 2.56%. Prudential Financial’s dividend payout ratio (DPR) is 30.18%.

PRU has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, October 10th. FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $115.64.

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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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