Robeco Institutional Asset Management B.V. Cuts Position in Prudential Financial, Inc. (NYSE:PRU)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 22.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,360 shares of the financial services provider's stock after selling 58,587 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Prudential Financial worth $24,506,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Creekmur Asset Management LLC grew its stake in Prudential Financial by 78.8% during the 1st quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Lynx Investment Advisory acquired a new position in Prudential Financial in the 2nd quarter worth approximately $29,000. Strategic Financial Concepts LLC raised its position in Prudential Financial by 1,312.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider's stock worth $32,000 after buying an additional 25,027 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Prudential Financial during the 1st quarter valued at approximately $33,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Prudential Financial in the first quarter worth $34,000. 56.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Prudential Financial news, EVP Caroline Feeney sold 1,110 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares of the company's stock, valued at $1,220,694.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Prudential Financial news, EVP Ann M. Kappler sold 2,839 shares of Prudential Financial 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 owns 14,535 shares in the company, valued at $1,648,705.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Caroline Feeney sold 1,110 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the sale, the executive vice president now directly owns 10,175 shares of the company's stock, valued at $1,220,694.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and set a $121.00 target price on shares of Prudential Financial in a research report on Wednesday, August 21st. Argus upgraded Prudential Financial to a "strong-buy" rating in a research note on Thursday, August 8th. Citigroup boosted their price target on Prudential Financial from $104.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. TD Cowen began coverage on shares of Prudential Financial in a research note on Wednesday, October 9th. They set a "hold" rating and a $130.00 price objective on the stock. Finally, UBS Group increased their price target on shares of Prudential Financial from $112.00 to $119.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $123.85.

Prudential Financial Price Performance

Shares of PRU traded up $7.55 during trading hours on Wednesday, hitting $127.73. 3,606,322 shares of the stock were exchanged, compared to its average volume of 1,494,896. The stock's 50-day moving average price is $121.38 and its two-hundred day moving average price is $118.62. Prudential Financial, Inc. has a 12-month low of $89.90 and a 12-month high of $129.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market cap of $45.47 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29.

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

Prudential Financial Announces Dividend

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

About Prudential Financial

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.