Intrust Bank NA raised its stake in Prudential Financial, Inc. (NYSE:PRU) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,237 shares of the financial services provider’s stock after buying an additional 781 shares during the period. Intrust Bank NA’s holdings in Prudential Financial were worth $1,756,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of PRU. First Personal Financial Services increased its position in Prudential Financial by 3.4% in the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after buying an additional 46 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after buying an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. increased its position in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after buying an additional 38 shares in the last quarter. Trust Co. of Vermont increased its position in Prudential Financial by 28.5% in the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock valued at $185,000 after buying an additional 380 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its position in Prudential Financial by 2.8% in the first quarter. Jacobi Capital Management LLC now owns 1,841 shares of the financial services provider’s stock valued at $194,000 after buying an additional 50 shares in the last quarter. 63.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Prudential Financial, Inc. (NYSE:PRU) opened at 102.82 on Friday. Prudential Financial, Inc. has a 12 month low of $77.68 and a 12 month high of $115.26. The firm’s 50 day moving average is $109.15 and its 200-day moving average is $107.92. The firm has a market capitalization of $43.90 billion, a PE ratio of 11.48 and a beta of 1.50.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, analysts expect that Prudential Financial, Inc. will post $10.18 EPS for the current fiscal year.
The firm 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 dividend of $0.75 per share. The ex-dividend date is Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. Prudential Financial’s payout ratio is presently 33.63%.
PRU has been the topic of several research reports. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $113.00 price target on shares of Prudential Financial in a research note on Tuesday, June 27th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.21.
In other Prudential Financial news, insider Stephen Pelletier sold 4,133 shares of the firm’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 in the company, valued at approximately $1,225,454.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Insiders have sold a total of 220,615 shares of company stock valued at $24,276,660 over the last 90 days. Corporate insiders own 0.66% of the company’s stock.
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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