Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Prudential Financial, Inc. (PRU)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Prudential Financial, Inc. (NYSE:PRU) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382,103 shares of the financial services provider’s stock after selling 44,053 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Prudential Financial worth $40,625,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PRU. Creative Planning grew its position in shares of Prudential Financial by 53.1% in the second quarter. Creative Planning now owns 20,504 shares of the financial services provider’s stock valued at $2,217,000 after purchasing an additional 7,112 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Prudential Financial by 25.0% in the second quarter. State of Alaska Department of Revenue now owns 6,845 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 1,370 shares during the last quarter. National Pension Service grew its position in shares of Prudential Financial by 12.5% in the second quarter. National Pension Service now owns 366,990 shares of the financial services provider’s stock valued at $39,774,000 after purchasing an additional 40,711 shares during the last quarter. First United Bank Trust grew its position in Prudential Financial by 3.2% during the second quarter. First United Bank Trust now owns 17,620 shares of the financial services provider’s stock worth $1,905,000 after buying an additional 545 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in Prudential Financial by 510.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 70,036 shares of the financial services provider’s stock worth $7,574,000 after buying an additional 58,568 shares in the last quarter. 64.07% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on PRU. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. ValuEngine downgraded Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Wells Fargo & Company reissued a “hold” rating and set a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $119.00 price target on shares of Prudential Financial in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $115.64.

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In other news, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction on Wednesday, November 8th. The stock was 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 directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total value of $5,014,002.20. Following the completion of the transaction, the insider now owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Prudential Financial, Inc. (PRU) traded down $0.23 during midday trading on Tuesday, reaching $110.02. The company’s stock had a trading volume of 1,662,200 shares, compared to its average volume of 1,853,475. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial, Inc. has a 12-month low of $97.88 and a 12-month high of $115.26. The company has a market capitalization of $47,450.00, a PE ratio of 10.65, a PEG ratio of 1.25 and a beta of 1.56.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Zacks’ consensus estimate 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 in the prior year, the company earned $2.66 EPS. equities research analysts expect that Prudential Financial, Inc. will post 10.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, November 24th. Prudential Financial’s payout ratio is 30.24%.

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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