Deprince Race & Zollo Inc. Cuts Holdings in Prudential Financial, Inc. (PRU)

Deprince Race & Zollo Inc. cut its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,299 shares of the financial services provider’s stock after selling 86,801 shares during the period. Deprince Race & Zollo Inc. owned 0.07% of Prudential Financial worth $33,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC lifted its position in Prudential Financial by 15.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 17,491 shares of the financial services provider’s stock valued at $1,860,000 after purchasing an additional 2,351 shares during the period. Comerica Bank increased its stake in shares of Prudential Financial by 1.2% in the 3rd quarter. Comerica Bank now owns 128,529 shares of the financial services provider’s stock valued at $14,344,000 after acquiring an additional 1,480 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Prudential Financial by 2.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,228 shares of the financial services provider’s stock valued at $46,359,000 after acquiring an additional 10,036 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Prudential Financial by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 738,441 shares of the financial services provider’s stock valued at $78,511,000 after acquiring an additional 3,533 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Prudential Financial by 11.3% in the 3rd quarter. Toronto Dominion Bank now owns 164,406 shares of the financial services provider’s stock valued at $17,477,000 after acquiring an additional 16,701 shares during the last quarter. Institutional investors own 64.48% of the company’s stock.

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In other news, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total value of $5,014,002.20. Following the completion of the sale, the insider now owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the completion of the sale, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

A number of analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $120.00 price target (up from $114.00) on shares of Prudential Financial in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. ValuEngine cut Prudential Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, BidaskClub cut Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $115.13.

Shares of Prudential Financial, Inc. (NYSE:PRU) traded down $0.88 on Wednesday, hitting $109.56. 1,794,500 shares of the stock traded hands, compared to its average volume of 1,856,361. The company has a market cap of $46,826.56, a PE ratio of 10.67, a P/E/G ratio of 1.25 and a beta of 1.56. Prudential Financial, Inc. has a one year low of $95.95 and a one year high of $115.26. 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 (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period last year, the business earned $2.66 EPS. equities research analysts forecast that Prudential Financial, Inc. will post 10.38 EPS for the current year.

The firm 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. Prudential Financial’s dividend payout ratio is currently 30.18%.

About Prudential Financial

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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