Stifel Financial Corp lowered its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,879 shares of the financial services provider’s stock after selling 15,206 shares during the period. Stifel Financial Corp’s holdings in Prudential Financial were worth $7,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Prudential Financial by 2.9% during the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock worth $3,585,415,000 after buying an additional 934,352 shares in the last quarter. Vanguard Group Inc. boosted its stake in Prudential Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock worth $3,339,935,000 after buying an additional 612,799 shares in the last quarter. Capital Research Global Investors boosted its stake in Prudential Financial by 1.2% during the second quarter. Capital Research Global Investors now owns 13,662,673 shares of the financial services provider’s stock worth $1,477,481,000 after buying an additional 162,833 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Prudential Financial by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 4,157,881 shares of the financial services provider’s stock worth $449,637,000 after buying an additional 442,168 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Prudential Financial by 1.0% during the second quarter. LSV Asset Management now owns 3,372,864 shares of the financial services provider’s stock worth $364,741,000 after buying an additional 32,998 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Wells Fargo & Company reissued a “hold” rating and set a $120.00 price objective (up from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. Royal Bank of Canada reissued a “hold” rating and set a $119.00 price objective on shares of Prudential Financial in a report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a report on Friday, November 10th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Prudential Financial currently has a consensus rating of “Buy” and an average target price of $115.64.

In related news, EVP Timothy P. Harris sold 10,527 shares of Prudential Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction dated 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 completion of the transaction, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. Insiders sold 100,017 shares of company stock valued at $11,219,151 over the last ninety days. 0.66% of the stock is currently owned by company insiders.

Prudential Financial, Inc. (NYSE:PRU) traded down $2.44 during trading on Thursday, hitting $113.95. The company had a trading volume of 1,759,700 shares, compared to its average volume of 1,842,623. 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 fifty-two week low of $97.88 and a fifty-two week high of $117.99. The company has a market capitalization of $49,040.00, 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 released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. 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 previous year, the business posted $2.66 earnings per share. equities analysts predict that Prudential Financial, Inc. will post 10.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.63%. 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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