Meiji Yasuda Asset Management Co Ltd. Has $4.48 Million Holdings in Prudential Financial, Inc. (PRU)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,113 shares of the financial services provider’s stock after purchasing an additional 1,990 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Prudential Financial were worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Prudential Financial during the 2nd quarter valued at approximately $103,000. Hudock Capital Group LLC lifted its position in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter valued at approximately $129,000. Accurate Investment Solutions Inc. lifted its position in shares of Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares during the period. Finally, Advisory Services Network LLC lifted its position in shares of Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 957 shares during the period. 64.07% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on PRU. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “hold” rating and set a $120.00 price target (up from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $115.64.

Shares of Prudential Financial, Inc. (NYSE PRU) traded down $0.23 on Tuesday, reaching $110.02. The company’s stock had a trading volume of 1,662,200 shares, compared to its average volume of 1,853,475. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $47,450.00, a P/E ratio of 10.65, a PEG ratio of 1.25 and a beta of 1.56. Prudential Financial, Inc. has a 52 week low of $97.88 and a 52 week high of $115.26.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same period in the previous year, the firm posted $2.66 EPS. research analysts anticipate that Prudential Financial, Inc. will post 10.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Monday, November 27th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 annualized dividend and a yield of 2.73%. Prudential Financial’s dividend payout ratio (DPR) is presently 30.24%.

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In other Prudential Financial news, insider Nicholas C. Silitch sold 44,860 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 27,927 shares in the company, valued at approximately $3,121,400.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were 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 owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Prudential Financial Company 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.

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

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