Robeco Institutional Asset Management B.V. Sells 58,587 Shares of Prudential Financial, Inc. (NYSE:PRU)

Robeco Institutional Asset Management B.V. reduced its stake in Prudential Financial, Inc. (NYSE:PRU) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,360 shares of the financial services provider’s stock after selling 58,587 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of Prudential Financial worth $24,506,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Prudential Financial by 165.7% during the first quarter. Larson Financial Group LLC now owns 364 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 227 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Prudential Financial in the 1st quarter worth about $247,000. TFG Advisers LLC increased its stake in shares of Prudential Financial by 1.3% in the 1st quarter. TFG Advisers LLC now owns 15,078 shares of the financial services provider’s stock worth $1,770,000 after acquiring an additional 194 shares in the last quarter. Advisory Services Network LLC lifted its position in Prudential Financial by 20.8% during the 1st quarter. Advisory Services Network LLC now owns 59,934 shares of the financial services provider’s stock valued at $7,036,000 after acquiring an additional 10,321 shares during the period. Finally, Duality Advisers LP bought a new stake in Prudential Financial during the first quarter worth about $3,735,000. 56.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of Prudential Financial stock in a transaction on Tuesday, October 8th. The stock was acquired at an average price of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the transaction, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was acquired at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the transaction, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Caroline Feeney sold 1,110 shares of Prudential Financial stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $119.97, for a total transaction of $133,166.70. Following the transaction, the executive vice president now owns 10,175 shares in the company, valued at approximately $1,220,694.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Prudential Financial Stock Performance

Shares of PRU opened at $120.18 on Wednesday. Prudential Financial, Inc. has a one year low of $89.90 and a one year high of $128.52. The business has a fifty day moving average of $121.20 and a 200 day moving average of $118.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $42.78 billion, a P/E ratio of 10.68, a PEG ratio of 0.86 and a beta of 1.29.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same quarter in the prior year, the firm earned $3.44 EPS. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 13.32 EPS for the current year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.33%. Prudential Financial’s dividend payout ratio (DPR) is 46.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PRU. Bank of America lifted their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. TD Cowen started coverage on Prudential Financial in a report on Wednesday, October 9th. They set a “hold” rating and a $130.00 price target for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $121.00 price target on shares of Prudential Financial in a research note on Wednesday, August 21st. UBS Group raised their price objective on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley dropped their target price on shares of Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $123.85.

About Prudential Financial

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.