Toronto Dominion Bank raised its stake in Prudential Financial, Inc. (NYSE:PRU) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,406 shares of the financial services provider’s stock after acquiring an additional 16,701 shares during the period. Toronto Dominion Bank’s holdings in Prudential Financial were worth $17,477,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRU. APG Asset Management N.V. grew its stake in shares of 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 worth $287,566,000 after acquiring an additional 1,709,699 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Prudential Financial by 1,997.1% in the second quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock worth $130,218,000 after acquiring an additional 1,146,739 shares during the last quarter. BlackRock Inc. grew its stake in shares of Prudential Financial by 2.9% in the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock worth $3,585,415,000 after acquiring an additional 934,352 shares during the last quarter. AJO LP grew its stake in shares of Prudential Financial by 42.8% in the second quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock worth $296,672,000 after acquiring an additional 821,881 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Prudential Financial by 48.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock worth $243,013,000 after acquiring an additional 737,458 shares during the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Prudential Financial, Inc. (NYSE:PRU) traded down $0.28 during trading hours on Tuesday, reaching $110.44. The company’s stock had a trading volume of 1,614,400 shares, compared to its average volume of 1,856,644. The stock has a market capitalization of $46,945.28, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial, Inc. has a fifty-two week low of $95.95 and a fifty-two week high of $115.26.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping 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 firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter last year, the company earned $2.66 earnings per share. equities analysts forecast that Prudential Financial, Inc. will post 10.38 earnings per share for the current year.
In other news, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was 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 of the company’s stock, valued at $3,121,400.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $4,994,543.30. Following the completion of the transaction, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.
PRU has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $117.00 target price on shares of Prudential Financial in a research note on Wednesday, September 6th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday, October 10th. Citigroup Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Tuesday, October 17th. Morgan Stanley increased their target price on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $115.13.
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About Prudential Financial
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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