Aperio Group LLC increased its stake in shares of Prudential Financial Inc (NYSE:PRU) by 0.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 407,370 shares of the financial services provider’s stock after purchasing an additional 3,808 shares during the period. Aperio Group LLC’s holdings in Prudential Financial were worth $41,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Foundry Partners LLC lifted its holdings in Prudential Financial by 18.7% during the 3rd quarter. Foundry Partners LLC now owns 212,394 shares of the financial services provider’s stock worth $21,520,000 after purchasing an additional 33,479 shares in the last quarter. BB&T Corp lifted its holdings in Prudential Financial by 5.5% during the 3rd quarter. BB&T Corp now owns 62,093 shares of the financial services provider’s stock worth $6,292,000 after purchasing an additional 3,250 shares in the last quarter. First American Bank purchased a new stake in Prudential Financial during the 3rd quarter worth about $2,994,000. Verity & Verity LLC lifted its holdings in Prudential Financial by 70.1% during the 3rd quarter. Verity & Verity LLC now owns 25,672 shares of the financial services provider’s stock worth $2,601,000 after purchasing an additional 10,576 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in Prudential Financial during the 3rd quarter worth about $465,000. 63.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PRU opened at $97.60 on Friday. Prudential Financial Inc has a twelve month low of $92.05 and a twelve month high of $127.14. The stock has a market capitalization of $41.57 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.91 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.12 and a current ratio of 0.12.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.07). The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $14.19 billion. Prudential Financial had a net margin of 13.16% and a return on equity of 9.98%. During the same quarter last year, the company posted $2.09 earnings per share. As a group, research analysts expect that Prudential Financial Inc will post 12.21 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on PRU. Zacks Investment Research cut Prudential Financial from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. B. Riley raised their price target on Prudential Financial from $116.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Barclays lowered their price target on Prudential Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. ValuEngine raised Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Finally, Credit Suisse Group lowered their price target on Prudential Financial from $102.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $119.92.

In other news, insider Scott Sleyster sold 23,300 shares of the stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $99.74, for a total transaction of $2,323,942.00. Following the transaction, the insider now directly owns 57,758 shares in the company, valued at approximately $5,760,782.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Prudential Financial Inc acquired 880,000 shares of Prudential Financial stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $22,000,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 23,349 shares of company stock worth $2,327,695 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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