Prudential Financial, Inc. (NYSE:PRU) Shares Purchased by National Pension Service

National Pension Service raised its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 18.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 587,189 shares of the financial services provider's stock after buying an additional 89,949 shares during the period. National Pension Service owned about 0.16% of Prudential Financial worth $71,109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PRU. Larson Financial Group LLC boosted its holdings in Prudential Financial by 165.7% in the 1st quarter. Larson Financial Group LLC now owns 364 shares of the financial services provider's stock worth $43,000 after buying an additional 227 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in Prudential Financial in the 1st quarter worth about $247,000. TFG Advisers LLC boosted its holdings in shares of Prudential Financial by 1.3% during the 1st quarter. TFG Advisers LLC now owns 15,078 shares of the financial services provider's stock worth $1,770,000 after purchasing an additional 194 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Prudential Financial by 20.8% during the 1st quarter. Advisory Services Network LLC now owns 59,934 shares of the financial services provider's stock worth $7,036,000 after purchasing an additional 10,321 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Prudential Financial during the 1st quarter worth approximately $3,735,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Trading Up 6.3 %

NYSE PRU traded up $7.55 on Wednesday, reaching $127.73. The stock had a trading volume of 3,606,322 shares, compared to its average volume of 1,494,896. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 0.86 and a beta of 1.29. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a 12-month low of $89.90 and a 12-month high of $129.13. The stock has a fifty day moving average price of $121.38 and a two-hundred day moving average price of $118.62.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.01. The company had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter in the previous year, the company earned $3.44 earnings per share. As a group, sell-side analysts forecast that Prudential Financial, Inc. will post 13.32 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 19th. Prudential Financial's dividend payout ratio is currently 46.22%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays boosted their target price on Prudential Financial from $118.00 to $119.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on Prudential Financial from $116.00 to $117.00 and gave the stock an "equal weight" rating in a report on Tuesday. Argus upgraded Prudential Financial to a "strong-buy" rating in a report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Prudential Financial from $123.00 to $122.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $121.00 price target on shares of Prudential Financial in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $123.85.

Insider Transactions at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the business's stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the transaction, the insider now owns 4,208,549 shares of the company's stock, valued at $116,071,781.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the business's stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the transaction, the insider now owns 4,208,549 shares of the company's stock, valued at $116,071,781.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ann M. Kappler sold 2,839 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total value of $322,027.77. Following the sale, the executive vice president now directly owns 14,535 shares in the company, valued at $1,648,705.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company's stock.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.