Traders Sell Shares of Prudential Financial, Inc. (PRU) on Strength (PRU)

Investors sold shares of Prudential Financial, Inc. (NYSE:PRU) on strength during trading on Wednesday. $30.95 million flowed into the stock on the tick-up and $54.42 million flowed out of the stock on the tick-down, for a money net flow of $23.47 million out of the stock. Of all companies tracked, Prudential Financial had the 0th highest net out-flow for the day. Prudential Financial traded up $0.66 for the day and closed at $110.22

Several equities analysts have commented on the stock. B. Riley restated a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Wells Fargo & Company restated a “hold” rating and issued a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $115.13.

The stock has a market capitalization of $46,733.28, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.56. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. Prudential Financial’s payout ratio is 30.18%.

In other news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the business’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 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. 0.66% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of PRU. APG Asset Management N.V. increased its stake in shares of Prudential Financial by 171.8% during 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 period. Janus Henderson Group PLC increased its stake in shares of Prudential Financial by 1,997.1% during 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 period. BlackRock Inc. increased its stake in shares of Prudential Financial by 2.9% during 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 period. AJO LP increased its stake in shares of Prudential Financial by 42.8% during 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 period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Prudential Financial by 48.8% during 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 period. Institutional investors and hedge funds own 64.48% of the company’s stock.

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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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