Glenmede Trust Co. NA grew its holdings in Prudential Financial Inc (NYSE:PRU) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,398 shares of the financial services provider’s stock after buying an additional 3,312 shares during the quarter. Glenmede Trust Co. NA’s holdings in Prudential Financial were worth $6,115,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PRU. Martingale Asset Management L P boosted its stake in shares of Prudential Financial by 5.0% in the second quarter. Martingale Asset Management L P now owns 10,981 shares of the financial services provider’s stock worth $1,027,000 after acquiring an additional 520 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Prudential Financial by 0.6% in the second quarter. Whittier Trust Co. now owns 92,888 shares of the financial services provider’s stock worth $8,686,000 after acquiring an additional 540 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Prudential Financial by 2.2% in the second quarter. World Asset Management Inc now owns 26,268 shares of the financial services provider’s stock worth $2,456,000 after acquiring an additional 559 shares during the last quarter. Buckingham Capital Management Inc. boosted its stake in shares of Prudential Financial by 3.3% in the second quarter. Buckingham Capital Management Inc. now owns 18,085 shares of the financial services provider’s stock worth $1,691,000 after acquiring an additional 570 shares during the last quarter. Finally, Brinker Capital Inc. boosted its stake in shares of Prudential Financial by 8.0% in the first quarter. Brinker Capital Inc. now owns 7,922 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 588 shares during the last quarter. Institutional investors and hedge funds own 63.54% of the company’s stock.

A number of brokerages have recently issued reports on PRU. B. Riley lifted their price target on Prudential Financial from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Monday, August 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $122.00 price target on shares of Prudential Financial in a research note on Friday, August 3rd. Goldman Sachs Group raised Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $117.00 to $114.00 in a research note on Monday, June 4th. Finally, ValuEngine raised Prudential Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $116.43.

NYSE PRU opened at $103.30 on Tuesday. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 0.96 and a beta of 1.49. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.34. Prudential Financial Inc has a fifty-two week low of $92.05 and a fifty-two week high of $127.14.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($0.07). The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $14.19 billion. Prudential Financial had a return on equity of 9.98% and a net margin of 13.16%. During the same period last year, the firm posted $2.09 EPS. equities analysts anticipate that Prudential Financial Inc will post 12.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Tuesday, August 21st were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Monday, August 20th. Prudential Financial’s dividend payout ratio (DPR) is currently 34.03%.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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