BKS Advisors LLC Purchases 18,198 Shares of Prudential Financial, Inc. (PRU)

BKS Advisors LLC grew its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 723.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,713 shares of the financial services provider’s stock after buying an additional 18,198 shares during the quarter. BKS Advisors LLC’s holdings in Prudential Financial were worth $2,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Green Square Capital LLC grew its stake in Prudential Financial by 0.3% during the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after buying an additional 7 shares during the period. Hudock Capital Group LLC grew its stake in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares during the period. Accurate Investment Solutions Inc. grew its stake in Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after buying an additional 38 shares during the period. Parkwood LLC grew its stake in Prudential Financial by 1.6% during the second quarter. Parkwood LLC now owns 3,041 shares of the financial services provider’s stock worth $329,000 after buying an additional 48 shares during the period. Finally, Connecticut Wealth Management LLC grew its stake in Prudential Financial by 1.8% during the second quarter. Connecticut Wealth Management LLC now owns 3,182 shares of the financial services provider’s stock worth $354,000 after buying an additional 56 shares during the period. Institutional investors own 64.65% of the company’s stock.

A number of research analysts have recently commented on PRU shares. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Tuesday, October 10th. FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, B. Riley reissued a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Prudential Financial currently has an average rating of “Buy” and a consensus target price of $115.64.

Prudential Financial, Inc. (PRU) traded down $1.25 on Wednesday, reaching $115.51. 1,302,100 shares of the company traded hands, compared to its average volume of 1,853,419. The firm has a market capitalization of $49,506.24, a PE ratio of 11.28, a PEG ratio of 1.32 and a beta of 1.55. 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 1 year low of $97.88 and a 1 year high of $117.99.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the prior year, the company posted $2.66 earnings per share. sell-side analysts predict that Prudential Financial, Inc. will post 10.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 annualized dividend and a yield of 2.60%. Prudential Financial’s payout ratio is 30.18%.

In other news, EVP Charles F. Lowrey sold 44,630 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the transaction, the executive vice president now owns 79,354 shares in the company, valued at $8,880,506.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy P. Harris sold 10,527 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was 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. In the last quarter, insiders have sold 100,017 shares of company stock valued at $11,219,151. 0.66% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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