Cohen & Steers Inc. reduced its position in Prudential Financial, Inc. (NYSE:PRU) by 30.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,379 shares of the financial services provider’s stock after selling 31,481 shares during the quarter. Cohen & Steers Inc.’s holdings in Prudential Financial were worth $7,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PRU. Sei Investments Co. increased 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 worth $7,433,000 after buying an additional 32,989 shares during the last quarter. Global X Management Co. LLC increased 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 worth $360,000 after buying an additional 725 shares during the last quarter. National Planning Corp increased its position in Prudential Financial by 58.1% in the second quarter. National Planning Corp now owns 4,032 shares of the financial services provider’s stock worth $444,000 after buying an additional 1,481 shares during the last quarter. Teacher Retirement System of Texas increased its position in Prudential Financial by 93.0% in the second quarter. Teacher Retirement System of Texas now owns 86,361 shares of the financial services provider’s stock worth $9,339,000 after buying an additional 41,614 shares during the last quarter. Finally, Sigma Planning Corp increased its position in Prudential Financial by 10.7% in the second quarter. Sigma Planning Corp now owns 3,817 shares of the financial services provider’s stock worth $413,000 after buying an additional 368 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 5th. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $121.00 price target on shares of Prudential Financial in a report on Monday, October 16th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Tuesday, October 10th. Finally, FBR & Co raised Prudential Financial from a “neutral” rating to a “buy” rating and cut their price target for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $115.64.

In related news, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the sale, the insider now owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the sale, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. Insiders have sold 100,017 shares of company stock valued at $11,219,151 in the last three months. 0.66% of the stock is owned by corporate insiders.

Prudential Financial, Inc. (NYSE PRU) traded up $0.82 during trading hours on Monday, reaching $117.15. The company had a trading volume of 1,184,200 shares, compared to its average volume of 1,844,590. The company has a market capitalization of $50,420.00, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55. Prudential Financial, Inc. has a 12 month low of $97.88 and a 12 month 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.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data 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. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same quarter last year, the company earned $2.66 earnings per share. equities analysts predict that Prudential Financial, Inc. will post 10.44 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $3.00 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio is 30.24%.

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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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