Chartwell Investment Partners LLC boosted its holdings in Prudential Financial Inc (NYSE:PRU) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,869 shares of the financial services provider’s stock after purchasing an additional 615 shares during the period. Chartwell Investment Partners LLC’s holdings in Prudential Financial were worth $8,144,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. LSV Asset Management raised its stake in shares of Prudential Financial by 0.8% in the third quarter. LSV Asset Management now owns 3,541,374 shares of the financial services provider’s stock valued at $358,812,000 after buying an additional 27,870 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Prudential Financial by 31.9% in the third quarter. TIAA CREF Investment Management LLC now owns 3,468,515 shares of the financial services provider’s stock valued at $351,430,000 after buying an additional 839,309 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Prudential Financial by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 3,365,815 shares of the financial services provider’s stock valued at $341,024,000 after buying an additional 13,097 shares during the period. Morgan Stanley raised its stake in shares of Prudential Financial by 3.2% in the third quarter. Morgan Stanley now owns 3,208,212 shares of the financial services provider’s stock valued at $325,058,000 after buying an additional 100,223 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Prudential Financial by 2.8% in the third quarter. Legal & General Group Plc now owns 2,050,421 shares of the financial services provider’s stock valued at $207,720,000 after buying an additional 56,038 shares during the period. Hedge funds and other institutional investors own 63.27% of the company’s stock.
PRU opened at $92.99 on Wednesday. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $113.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $38.49 billion, a PE ratio of 8.79, a PEG ratio of 0.81 and a beta of 1.41.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.01). Prudential Financial had a return on equity of 10.20% and a net margin of 12.59%. The firm had revenue of $14.43 billion during the quarter, compared to analysts’ expectations of $13.51 billion. During the same quarter in the previous year, the company posted $3.01 earnings per share. As a group, equities research analysts expect that Prudential Financial Inc will post 12.13 EPS for the current year.
A number of analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 8th. Zacks Investment Research lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. ValuEngine lowered Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Evercore ISI upgraded Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 target price on the stock in a research note on Wednesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $113.00 target price on shares of Prudential Financial in a research note on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $114.19.
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Prudential Financial Company Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
Further Reading: What is the quiet period?
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