Symmetry Partners LLC acquired a new stake in shares of Prudential Financial Inc (NYSE:PRU) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 5,401 shares of the financial services provider’s stock, valued at approximately $486,000.

Several other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new stake in shares of Prudential Financial in the second quarter worth about $2,669,000. Goelzer Investment Management Inc. boosted its holdings in shares of Prudential Financial by 0.9% during the 2nd quarter. Goelzer Investment Management Inc. now owns 96,523 shares of the financial services provider’s stock valued at $9,749,000 after purchasing an additional 874 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Prudential Financial by 7.1% during the 2nd quarter. Naples Global Advisors LLC now owns 7,364 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 490 shares during the last quarter. Monument Capital Management boosted its holdings in shares of Prudential Financial by 2.4% during the 2nd quarter. Monument Capital Management now owns 22,227 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 516 shares during the last quarter. Finally, Coastal Capital Group Inc. purchased a new stake in shares of Prudential Financial during the 2nd quarter valued at about $25,000. 62.75% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Charles F. Lowrey acquired 7,500 shares of the company’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $83.68 per share, with a total value of $627,600.00. Following the transaction, the chief executive officer now owns 64,263 shares in the company, valued at approximately $5,377,527.84. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth Tanji bought 2,500 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $83.84 per share, with a total value of $209,600.00. Following the acquisition, the chief financial officer now owns 19,285 shares in the company, valued at approximately $1,616,854.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 13,580 shares of company stock worth $1,137,848. 0.76% of the stock is owned by insiders.

PRU traded up $1.03 during trading hours on Friday, hitting $92.87. 3,331,382 shares of the company’s stock were exchanged, compared to its average volume of 1,979,005. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $106.39. The firm has a 50 day moving average of $89.92 and a 200 day moving average of $93.77. The firm has a market cap of $37.00 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Prudential Financial (NYSE:PRU) last announced its earnings results on Monday, November 4th. The financial services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.15. Prudential Financial had a net margin of 6.67% and a return on equity of 8.45%. The firm had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $14.27 billion. During the same period in the prior year, the firm earned $3.15 EPS. As a group, research analysts expect that Prudential Financial Inc will post 11.98 EPS for the current fiscal year.

PRU has been the topic of a number of recent analyst reports. B. Riley lowered shares of Prudential Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $122.00 to $100.00 in a research report on Thursday, August 1st. Barclays set a $108.00 target price on shares of Prudential Financial and gave the company a “buy” rating in a research note on Monday, August 12th. HSBC restated a “buy” rating on shares of Prudential Financial in a research note on Tuesday, October 22nd. ValuEngine upgraded shares of Prudential Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Prudential Financial in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Prudential Financial has an average rating of “Hold” and a consensus price target of $96.81.

Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

Further Reading: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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