Bessemer Group Inc. decreased its stake in Prudential Financial, Inc. (NYSE:PRU) by 91.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,721 shares of the financial services provider’s stock after selling 65,282 shares during the period. Bessemer Group Inc.’s holdings in Prudential Financial were worth $608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Prudential Financial by 25.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,649 shares of the financial services provider’s stock worth $2,341,000 after purchasing an additional 4,372 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Prudential Financial by 3.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock worth $68,833,000 after purchasing an additional 19,238 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Prudential Financial by 2.2% in the 2nd quarter. Seizert Capital Partners LLC now owns 114,414 shares of the financial services provider’s stock worth $12,373,000 after purchasing an additional 2,421 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Prudential Financial by 171.8% in the 3rd quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after purchasing an additional 1,709,699 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Prudential Financial by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 9,822 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 754 shares during the last quarter. 64.48% of the stock is currently owned by institutional investors and hedge funds.

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In other news, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction on 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 transaction, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction on 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 transaction, 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 currently owned by company insiders.

Prudential Financial, Inc. (NYSE PRU) opened at $110.25 on Friday. Prudential Financial, Inc. has a 1 year low of $97.88 and a 1 year high of $115.26. The stock has a market capitalization of $47,550.00, a price-to-earnings ratio of 10.59, a PEG ratio of 1.24 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same period last year, the firm earned $2.66 EPS. sell-side analysts predict that Prudential Financial, Inc. will post 10.38 earnings per share for the current 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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio (DPR) is presently 30.24%.

Several brokerages recently issued reports on PRU. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley raised their price target on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, ValuEngine downgraded Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $115.13.

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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