Creative Planning lifted its position in shares of Prudential Financial Inc (NYSE:PRU) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,588 shares of the financial services provider’s stock after purchasing an additional 754 shares during the period. Creative Planning’s holdings in Prudential Financial were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC increased its stake in Prudential Financial by 3.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock worth $68,833,000 after acquiring an additional 19,238 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Prudential Financial by 5.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 42,113 shares of the financial services provider’s stock worth $4,477,000 after acquiring an additional 1,990 shares during the period. APG Asset Management N.V. increased its stake in Prudential Financial by 171.8% during the 3rd 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. Bank of Nova Scotia increased its stake in Prudential Financial by 253.2% during the 2nd quarter. Bank of Nova Scotia now owns 347,743 shares of the financial services provider’s stock worth $37,605,000 after acquiring an additional 249,277 shares during the period. Finally, Boston Advisors LLC increased its stake in Prudential Financial by 0.8% during the 3rd quarter. Boston Advisors LLC now owns 149,937 shares of the financial services provider’s stock worth $15,941,000 after acquiring an additional 1,195 shares during the period. Institutional investors own 64.50% of the company’s stock.

Shares of Prudential Financial Inc (NYSE PRU) opened at $124.33 on Tuesday. The firm has a market capitalization of $53,510.00, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Prudential Financial Inc has a twelve month low of $97.88 and a twelve month high of $125.00. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data 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. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The company 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 business posted $2.66 EPS. equities research analysts expect that Prudential Financial Inc will post 10.49 earnings per share for the current year.

Prudential Financial announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total transaction of $1,210,605.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total value of $5,014,002.20. Following the sale, the insider now directly owns 27,927 shares in the company, valued at approximately $3,121,400.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,818 shares of company stock worth $13,154,122. 0.66% of the stock is currently owned by company insiders.

A number of equities analysts have commented on the company. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. Sandler O’Neill restated a “buy” rating and set a $134.00 price objective on shares of Prudential Financial in a research note on Thursday, January 11th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Monday, January 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $127.00 price objective on shares of Prudential Financial in a research note on Thursday, December 21st. Finally, ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $119.35.

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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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