IFP Advisors Inc reduced its position in Prudential Financial Inc (NYSE:PRU) by 61.9% in the 4th quarter, Holdings Channel reports. The firm owned 6,682 shares of the financial services provider’s stock after selling 10,871 shares during the quarter. IFP Advisors Inc’s holdings in Prudential Financial were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Green Square Capital LLC raised its stake in Prudential Financial by 0.3% in the 2nd quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 7 shares during the last quarter. Security National Bank of SO Dak raised its stake in Prudential Financial by 3.3% in the 2nd quarter. Security National Bank of SO Dak now owns 4,539 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 145 shares during the last quarter. Horizon Investment Services LLC raised its stake in Prudential Financial by 9.8% in the 2nd quarter. Horizon Investment Services LLC now owns 2,199 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 196 shares during the last quarter. Afam Capital Inc. raised its stake in Prudential Financial by 0.3% in the 2nd quarter. Afam Capital Inc. now owns 87,423 shares of the financial services provider’s stock valued at $9,454,000 after purchasing an additional 247 shares during the last quarter. Finally, Signet Financial Management LLC raised its stake in Prudential Financial by 4.6% in the 2nd quarter. Signet Financial Management LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,033,000 after purchasing an additional 419 shares during the last quarter. 64.57% of the stock is owned by hedge funds and other institutional investors.

Prudential Financial Inc (NYSE:PRU) opened at $118.82 on Thursday. Prudential Financial Inc has a twelve month low of $97.88 and a twelve month high of $127.14. The company has a market capitalization of $51,140.00, a PE ratio of 11.98, a P/E/G ratio of 1.28 and a beta of 1.55. 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 return on equity of 9.51% and a net margin of 7.71%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period last year, the business posted $2.66 EPS. equities analysts anticipate that Prudential Financial Inc will post 10.49 earnings per share for the current fiscal year.

Prudential Financial declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of brokerages have issued reports on PRU. Sandler O’Neill reaffirmed a “buy” rating and issued a $134.00 target price on shares of Prudential Financial in a research note on Thursday, January 11th. Wells Fargo & Co reiterated a “hold” rating and set a $120.00 price target (up from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, January 11th. Finally, B. Riley reiterated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $119.35.

In other news, SVP Barbara Koster sold 16,801 shares of Prudential Financial stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $115.17, for a total value of $1,934,971.17. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $4,298,950.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction dated 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 approximately $8,880,506.14. The disclosure for this sale can be found here. Insiders sold a total of 116,818 shares of company stock valued at $13,154,122 in the last quarter. Company insiders own 0.66% of the company’s stock.

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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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