Prudential Financial, Inc. (PRU) Position Raised by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. boosted its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,015 shares of the financial services provider’s stock after purchasing an additional 2,835 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Prudential Financial worth $39,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new stake in Prudential Financial during the 2nd quarter valued at $103,000. Grove Bank & Trust grew its holdings in Prudential Financial by 507.0% during the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 943 shares in the last quarter. Hudock Capital Group LLC grew its holdings in 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 worth $123,000 after acquiring an additional 8 shares in the last quarter. Legacy Advisors LLC acquired a new position in Prudential Financial during the 3rd quarter worth $129,000. Finally, Advisory Services Network LLC grew its holdings in 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 worth $184,000 after acquiring an additional 957 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

PRU has been the subject of several recent analyst reports. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, October 17th. Morgan Stanley raised their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Royal Bank Of Canada reissued a “hold” rating and set a $119.00 price objective on shares of Prudential Financial in a report on Friday, November 3rd. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Tuesday, October 10th. Finally, ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus target price of $115.64.

In other news, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total value of $1,210,605.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $5,014,002.20. Following the completion of the transaction, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,017 shares of company stock worth $11,219,151. Insiders own 0.66% of the company’s stock.

Prudential Financial, Inc. (NYSE PRU) traded up $0.82 during trading on Friday, hitting $117.15. 1,176,157 shares of the stock were exchanged, compared to its average volume of 1,639,982. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial, Inc. has a one year low of $97.88 and a one year high of $117.99. The company has a market cap of $49,323.92, a P/E ratio of 11.24, a P/E/G ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same period last year, the firm posted $2.66 EPS. equities analysts expect that Prudential Financial, Inc. will post 10.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.56%. Prudential Financial’s payout ratio is currently 30.18%.

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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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