National Planning Corp raised its stake in Prudential Financial, Inc. (NYSE:PRU) by 58.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,032 shares of the financial services provider’s stock after buying an additional 1,481 shares during the period. National Planning Corp’s holdings in Prudential Financial were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Patten & Patten Inc. TN increased its stake in shares of Prudential Financial by 11.5% in the first quarter. Patten & Patten Inc. TN now owns 12,887 shares of the financial services provider’s stock valued at $1,375,000 after buying an additional 1,328 shares during the last quarter. Coastline Trust Co increased its stake in shares of Prudential Financial by 13.0% in the first quarter. Coastline Trust Co now owns 3,555 shares of the financial services provider’s stock valued at $380,000 after buying an additional 410 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Prudential Financial by 25.6% in the first quarter. DnB Asset Management AS now owns 100,650 shares of the financial services provider’s stock valued at $10,737,000 after buying an additional 20,500 shares during the last quarter. Vicus Capital acquired a new stake in shares of Prudential Financial during the first quarter valued at approximately $235,000. Finally, First United Bank Trust increased its stake in shares of Prudential Financial by 5.3% in the first quarter. First United Bank Trust now owns 17,075 shares of the financial services provider’s stock valued at $1,822,000 after buying an additional 865 shares during the last quarter. 63.51% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial, Inc. (NYSE PRU) opened at 105.69 on Friday. The stock has a 50 day moving average price of $110.42 and a 200 day moving average price of $108.12. The company has a market cap of $45.13 billion, a PE ratio of 11.80 and a beta of 1.50. Prudential Financial, Inc. has a one year low of $75.20 and a one year high of $115.26.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.

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PRU has been the subject of a number of research reports. BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Zacks Investment Research cut Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Credit Suisse Group reiterated a “hold” rating and set a $121.00 target price on shares of Prudential Financial in a report on Thursday, April 27th. Finally, ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $111.21.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the completion of the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares of the company’s stock, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders sold a total of 220,615 shares of company stock valued at $24,276,660 over the last ninety days. 0.66% of the stock is currently owned by insiders.

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.

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

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