Engineers Gate Manager LP purchased a new stake in Prudential Financial, Inc. (NYSE:PRU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,877 shares of the financial services provider’s stock, valued at approximately $1,688,000.

Other hedge funds have also recently made changes to their positions in the company. Douglas Lane & Associates LLC lifted its stake in Prudential Financial by 3.1% in the third quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock valued at $68,833,000 after acquiring an additional 19,238 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Prudential Financial by 25.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,649 shares of the financial services provider’s stock valued at $2,341,000 after acquiring an additional 4,372 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in Prudential Financial by 2.2% in the second quarter. Seizert Capital Partners LLC now owns 114,414 shares of the financial services provider’s stock valued at $12,373,000 after acquiring an additional 2,421 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Prudential Financial by 5.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 42,113 shares of the financial services provider’s stock valued at $4,477,000 after acquiring an additional 1,990 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in Prudential Financial by 171.8% in the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock valued at $287,566,000 after acquiring an additional 1,709,699 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

In related news, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total transaction of $1,210,605.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Charles F. Lowrey sold 44,630 shares of the firm’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 transaction, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,017 shares of company stock worth $11,219,151. 0.66% of the stock is owned by insiders.

A number of analysts have commented on PRU shares. BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated a “hold” rating and issued a $117.00 price target on shares of Prudential Financial in a research note on Wednesday, September 6th. Morgan Stanley increased their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and cut their target price for the stock from $117.00 to $100.00 in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, October 10th. Eight equities 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 stock. Prudential Financial has an average rating of “Buy” and a consensus price target of $115.64.

Prudential Financial, Inc. (PRU) traded up $0.82 during midday trading on Friday, hitting $117.15. 1,176,157 shares of the stock were exchanged, compared to its average volume of 1,639,982. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. The firm has a market cap of $49,671.60, a PE ratio of 11.32, a PEG ratio of 1.32 and a beta of 1.55. Prudential Financial, Inc. has a one year low of $97.88 and a one year high of $117.99.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same quarter last year, the company posted $2.66 EPS. equities analysts anticipate 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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio is 30.18%.

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Prudential Financial 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.

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

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