Foundry Partners LLC boosted its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 77.4% during the second quarter, Holdings Channel reports. The institutional investor owned 169,680 shares of the financial services provider’s stock after buying an additional 74,055 shares during the period. Prudential Financial accounts for about 0.8% of Foundry Partners LLC’s investment portfolio, making the stock its 16th largest position. Foundry Partners LLC’s holdings in Prudential Financial were worth $18,349,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PRU. BlackRock Inc. raised its stake in Prudential Financial by 3,296.9% in the first quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock worth $3,437,330,000 after buying an additional 31,272,429 shares in the last quarter. Vanguard Group Inc. raised its stake in Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock worth $3,229,469,000 after buying an additional 968,500 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Prudential Financial by 971,689.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 942,636 shares of the financial services provider’s stock worth $100,560,000 after buying an additional 942,539 shares in the last quarter. Acadian Asset Management LLC raised its stake in Prudential Financial by 2,179.5% in the second quarter. Acadian Asset Management LLC now owns 730,899 shares of the financial services provider’s stock worth $79,040,000 after buying an additional 698,835 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Prudential Financial by 85.2% in the second quarter. Bank of Montreal Can now owns 1,452,721 shares of the financial services provider’s stock worth $157,097,000 after buying an additional 668,233 shares in the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.

Shares of Prudential Financial, Inc. (NYSE PRU) opened at 106.06 on Friday. The company has a market capitalization of $45.29 billion, a P/E ratio of 11.84 and a beta of 1.50. The firm has a 50-day moving average of $110.35 and a 200 day moving average of $108.11. Prudential Financial, Inc. has a 52-week low of $74.85 and a 52-week high of $115.26.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the business earned $1.84 earnings per share. On average, analysts anticipate that Prudential Financial, Inc. will post $10.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.

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A number of brokerages recently commented on PRU. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Tuesday, April 18th. Deutsche Bank AG boosted their price objective on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. BidaskClub downgraded shares of Prudential Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Credit Suisse Group lowered their price objective on shares of Prudential Financial from $121.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 23rd. Finally, ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Prudential Financial presently has an average rating of “Buy” and an average price target of $111.21.

In other news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the sale, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the sale, the chairman now owns 456,121 shares in the company, valued at $50,173,310. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.

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

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