Country Club Bank cut its position in Prudential Financial, Inc. (NYSE:PRU – Free Report) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 73,416 shares of the financial services provider’s stock after selling 1,420 shares during the quarter. Country Club Bank’s holdings in Prudential Financial were worth $8,674,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PRU. International Assets Investment Management LLC boosted its stake in shares of Prudential Financial by 4,130.8% in the third quarter. International Assets Investment Management LLC now owns 1,298,257 shares of the financial services provider’s stock valued at $157,219,000 after purchasing an additional 1,267,571 shares during the period. Nordea Investment Management AB raised its holdings in Prudential Financial by 176.8% in the fourth quarter. Nordea Investment Management AB now owns 1,041,420 shares of the financial services provider’s stock valued at $123,804,000 after acquiring an additional 665,180 shares in the last quarter. FMR LLC raised its holdings in Prudential Financial by 31.3% in the third quarter. FMR LLC now owns 1,444,288 shares of the financial services provider’s stock valued at $174,903,000 after acquiring an additional 344,254 shares in the last quarter. Geode Capital Management LLC raised its holdings in Prudential Financial by 4.1% in the third quarter. Geode Capital Management LLC now owns 8,662,679 shares of the financial services provider’s stock valued at $1,047,872,000 after acquiring an additional 341,787 shares in the last quarter. Finally, Capital Advisors Inc. OK acquired a new stake in Prudential Financial in the third quarter valued at $30,226,000. 56.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Prudential Financial
In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of Prudential Financial stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the transaction, the insider now owns 4,780,293 shares in the company, valued at approximately $133,465,780.56. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.
Prudential Financial Stock Down 0.8 %
Prudential Financial (NYSE:PRU – Get Free Report) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.40). Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. As a group, sell-side analysts predict that Prudential Financial, Inc. will post 13.24 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Bank of America upped their price target 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. Jefferies Financial Group upped their price target on shares of Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on shares of Prudential Financial from $127.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and increased their target price for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.31.
Read Our Latest Analysis on PRU
Prudential Financial Company Profile
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.
See Also
- Five stocks we like better than Prudential Financial
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 2 High-Yield Consumer Staples Stocks Ready to Deliver Big Returns
- How to Use the MarketBeat Stock Screener
- Atlassian: Upside Still in Play After Impressive Earnings Spike
- The How And Why of Investing in Oil Stocks
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRU – Free Report).
Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.