Lcnb Corp grew its position in Prudential Financial Inc (NYSE:PRU) by 13.9% during the second quarter, HoldingsChannel reports. The firm owned 2,860 shares of the financial services provider’s stock after buying an additional 348 shares during the period. Lcnb Corp’s holdings in Prudential Financial were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new position in shares of Prudential Financial during the 1st quarter valued at $25,000. Coastal Capital Group Inc. acquired a new position in shares of Prudential Financial during the 2nd quarter valued at $25,000. Ibex Wealth Advisors acquired a new position in shares of Prudential Financial during the 2nd quarter valued at $26,000. Bartlett & Co. LLC lifted its position in shares of Prudential Financial by 163.0% during the 2nd quarter. Bartlett & Co. LLC now owns 263 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 163 shares during the period. Finally, Berman Capital Advisors LLC lifted its position in shares of Prudential Financial by 68.0% during the 1st quarter. Berman Capital Advisors LLC now owns 346 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 140 shares during the period. 63.65% of the stock is currently owned by institutional investors.

PRU traded down $3.21 during trading on Wednesday, hitting $80.37. 106,896 shares of the company’s stock were exchanged, compared to its average volume of 2,057,191. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $97.60. Prudential Financial Inc has a fifty-two week low of $75.61 and a fifty-two week high of $106.64. The company has a market cap of $32.86 billion, a PE ratio of 6.92, a P/E/G ratio of 0.75 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $3.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by ($0.08). Prudential Financial had a return on equity of 9.24% and a net margin of 6.92%. The business had revenue of $14.11 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the company posted $3.01 EPS. As a group, research analysts expect that Prudential Financial Inc will post 12.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, August 19th. This represents a $4.00 annualized dividend and a yield of 4.98%. Prudential Financial’s payout ratio is 34.22%.

A number of research firms recently issued reports on PRU. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Citigroup downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $94.00 in a research report on Monday, August 5th. Atlantic Securities downgraded shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. B. Riley downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $122.00 to $100.00 in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating and set a $90.00 target price on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $103.15.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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