Prudential Financial, Inc. (NYSE:PRU) Stake Decreased by Garland Capital Management Inc.

Garland Capital Management Inc. trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,140 shares of the financial services provider’s stock after selling 6,110 shares during the period. Prudential Financial comprises 3.8% of Garland Capital Management Inc.’s holdings, making the stock its 10th biggest holding. Garland Capital Management Inc.’s holdings in Prudential Financial were worth $4,982,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PRU. Annex Advisory Services LLC lifted its holdings in Prudential Financial by 3.4% during the 2nd quarter. Annex Advisory Services LLC now owns 2,467 shares of the financial services provider’s stock valued at $289,000 after buying an additional 81 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Prudential Financial by 1.1% during the 2nd quarter. Raymond James Trust N.A. now owns 8,117 shares of the financial services provider’s stock worth $951,000 after buying an additional 87 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Prudential Financial by 3.9% in the second quarter. Quotient Wealth Partners LLC now owns 2,424 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 92 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in Prudential Financial by 4.6% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 2,131 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 94 shares during the period. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Prudential Financial by 3.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Performance

PRU traded down $0.17 during trading on Tuesday, reaching $120.49. 181,439 shares of the company’s stock were exchanged, compared to its average volume of 1,477,048. The company’s fifty day simple moving average is $121.16 and its 200-day simple moving average is $118.49. The stock has a market capitalization of $42.89 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. Prudential Financial, Inc. has a 1 year low of $89.90 and a 1 year high of $128.52.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. The company had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same period in the prior year, the company earned $3.44 earnings per share. As a group, research analysts predict that Prudential Financial, Inc. will post 13.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on PRU. Citigroup upped their target price on Prudential Financial from $104.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Barclays raised their price target on shares of Prudential Financial from $118.00 to $119.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America boosted their price objective on shares of Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $121.00 target price on shares of Prudential Financial in a research note on Wednesday, August 21st. Finally, Argus upgraded Prudential Financial to a “strong-buy” rating in a report on Thursday, August 8th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $123.85.

Insider Activity at Prudential Financial

In other news, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total transaction of $322,027.77. Following the sale, the executive vice president now owns 14,535 shares of the company’s stock, valued at $1,648,705.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Caroline Feeney sold 1,110 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares in the company, valued at $1,220,694.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann M. Kappler sold 2,839 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the transaction, the executive vice president now owns 14,535 shares in the company, valued at $1,648,705.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

About Prudential Financial

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.