Whittier Trust Co. of Nevada Inc. lifted its position in shares of Prudential Financial Inc (NYSE:PRU) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,504 shares of the financial services provider’s stock after buying an additional 815 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Prudential Financial were worth $2,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in shares of Prudential Financial by 507.0% during the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock valued at $120,000 after buying an additional 943 shares in the last quarter. FTB Advisors Inc. lifted its stake in shares of Prudential Financial by 232.2% during the 4th quarter. FTB Advisors Inc. now owns 1,073 shares of the financial services provider’s stock valued at $124,000 after buying an additional 750 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Prudential Financial during the 4th quarter valued at $127,000. Legacy Advisors LLC purchased a new position in shares of Prudential Financial during the 3rd quarter valued at $129,000. Finally, Community Bank N.A. lifted its stake in shares of Prudential Financial by 269.7% during the 4th quarter. Community Bank N.A. now owns 1,353 shares of the financial services provider’s stock valued at $156,000 after buying an additional 987 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

A number of research analysts recently weighed in on the stock. Wells Fargo & Co set a $122.00 target price on shares of Prudential Financial and gave the company a “hold” rating in a research note on Thursday, December 14th. Atlantic Securities upgraded shares of Prudential Financial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. Morgan Stanley lifted their target price on shares of Prudential Financial from $123.00 to $124.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, January 8th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $119.14.

In related news, SVP Barbara Koster sold 16,801 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $4,298,950.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total transaction of $1,210,605.00. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Shares of Prudential Financial Inc (NYSE PRU) opened at $106.04 on Monday. Prudential Financial Inc has a fifty-two week low of $97.88 and a fifty-two week high of $127.14. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. The firm has a market cap of $44,960.96, a PE ratio of 5.92, a PEG ratio of 1.09 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.05. Prudential Financial had a net margin of 13.41% and a return on equity of 9.29%. The firm had revenue of $15.25 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the firm posted $2.46 EPS. research analysts anticipate that Prudential Financial Inc will post 12.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.39%. This is an increase from Prudential Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, February 20th. Prudential Financial’s dividend payout ratio is presently 16.75%.

Prudential Financial declared that its Board of Directors has approved a stock repurchase 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 purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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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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