Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Prudential Financial, Inc. (NYSE:PRU) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,240,659 shares of the financial services provider’s stock after selling 165,743 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Prudential Financial worth $131,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Green Square Capital LLC boosted its stake in shares of Prudential Financial by 0.3% in the 2nd quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 7 shares in the last quarter. Hudock Capital Group LLC boosted its position in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Prudential Financial by 0.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after buying an additional 18 shares during the period. Trust Co boosted its position in Prudential Financial by 1.0% during the 1st quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after buying an additional 20 shares during the period. Finally, Capital Investment Advisors LLC boosted its position in Prudential Financial by 1.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after buying an additional 38 shares during the period. Institutional investors own 64.48% of the company’s stock.

Shares of Prudential Financial, Inc. (PRU) traded down $0.88 during trading hours on Wednesday, hitting $109.56. 1,794,500 shares of the company were exchanged, compared to its average volume of 1,856,361. 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 cap of $46,826.56, a P/E ratio of 10.67, a P/E/G ratio of 1.25 and a beta of 1.56. Prudential Financial, Inc. has a 52 week low of $95.95 and a 52 week high of $115.26.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period in the prior year, the firm earned $2.66 earnings per share. analysts predict that Prudential Financial, Inc. will post 10.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.74%. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. B. Riley restated a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Wells Fargo & Company restated a “hold” rating and issued a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $119.00 price target on shares of Prudential Financial in a research report on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $115.13.

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In other news, EVP Charles F. Lowrey sold 44,630 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the sale, 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 link. Also, insider Nicholas C. Silitch sold 44,860 shares of the company’s 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 sale, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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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