Vident Investment Advisory LLC Has $2.47 Million Holdings in Prudential Financial, Inc. (PRU)

Vident Investment Advisory LLC lessened its stake in Prudential Financial, Inc. (NYSE:PRU) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,207 shares of the financial services provider’s stock after selling 1,160 shares during the period. Vident Investment Advisory LLC’s holdings in Prudential Financial were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of PRU. Fieldpoint Private Securities LLC acquired a new stake in Prudential Financial in the second quarter worth about $103,000. Grove Bank & Trust boosted its holdings in Prudential Financial by 507.0% in the third 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 boosted its holdings in Prudential Financial by 0.7% in the second 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 stake in Prudential Financial in the third quarter worth about $129,000. Finally, Advisory Services Network LLC boosted its holdings in Prudential Financial by 128.8% in the second 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. Institutional investors own 64.65% of the company’s stock.

In related news, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the sale, the executive vice president now owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total value of $1,210,605.00. The disclosure for this sale can be found here. Insiders have sold 100,017 shares of company stock valued at $11,219,151 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

PRU has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $119.00 price target on shares of Prudential Financial in a report on Friday, November 3rd. Morgan Stanley raised their price target on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Goldman Sachs Group initiated coverage on Prudential Financial in a report on Wednesday, October 18th. They issued a “neutral” rating and a $114.00 price target for the company. Citigroup raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, October 17th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $115.64.

Prudential Financial, Inc. (NYSE PRU) traded up $0.13 during trading on Wednesday, hitting $116.39. The company had a trading volume of 1,841,900 shares, compared to its average volume of 1,842,970. 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 12-month low of $97.88 and a 12-month high of $117.99. The firm has a market capitalization of $49,294.24, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. analysts expect that Prudential Financial, Inc. will post 10.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio (DPR) is 30.18%.

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Prudential Financial 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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