Prudential Financial, Inc. (PRU) Holdings Reduced by BRYN MAWR TRUST Co

BRYN MAWR TRUST Co trimmed its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,442 shares of the financial services provider’s stock after selling 2,884 shares during the period. BRYN MAWR TRUST Co’s holdings in Prudential Financial were worth $11,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Guardian Life Insurance Co. of America boosted its stake in Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 5 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Prudential Financial by 0.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 18 shares during the last quarter. Trust Co boosted its stake in Prudential Financial by 1.0% during the 1st quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 20 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Prudential Financial by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 64.45% of the company’s stock.

Several analysts have commented on PRU shares. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $117.00 target price on shares of Prudential Financial in a research note on Wednesday, September 6th. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Ten equities 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 an average rating of “Buy” and an average target price of $111.49.

In other Prudential Financial news, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,225,454.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the sale, the insider now directly owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,615 shares of company stock worth $24,276,660. 0.66% of the stock is owned by corporate insiders.

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Shares of Prudential Financial, Inc. (NYSE PRU) traded up 0.771% during trading on Monday, reaching $103.572. The company had a trading volume of 284,108 shares. Prudential Financial, Inc. has a 1-year low of $78.50 and a 1-year high of $115.26. The stock has a market capitalization of $44.23 billion, a price-to-earnings ratio of 11.563 and a beta of 1.49. The company’s 50 day moving average is $105.02 and its 200-day moving average is $107.08.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.61). The company had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same period last year, the firm earned $1.84 earnings per share. On average, equities research analysts anticipate that Prudential Financial, Inc. will post $10.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.

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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