Ladenburg Thalmann Financial Services Inc. Purchases 2,784 Shares of Prudential Financial Inc (PRU)

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Ladenburg Thalmann Financial Services Inc. increased its position in Prudential Financial Inc (NYSE:PRU) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,122 shares of the financial services provider’s stock after buying an additional 2,784 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Prudential Financial were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in PRU. Eagle Asset Management Inc. increased its stake in Prudential Financial by 26.2% in the 4th quarter. Eagle Asset Management Inc. now owns 44,744 shares of the financial services provider’s stock worth $4,985,000 after purchasing an additional 9,277 shares during the period. Tower Research Capital LLC TRC increased its stake in Prudential Financial by 638.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,472 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,866 shares during the period. Mariner Wealth Advisors LLC purchased a new position in Prudential Financial in the 4th quarter worth approximately $225,000. Suntrust Banks Inc. increased its stake in Prudential Financial by 7.5% in the 4th quarter. Suntrust Banks Inc. now owns 44,844 shares of the financial services provider’s stock worth $5,154,000 after purchasing an additional 3,145 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in Prudential Financial by 21.4% in the 4th quarter. State of Tennessee Treasury Department now owns 444,688 shares of the financial services provider’s stock worth $51,130,000 after purchasing an additional 78,506 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on PRU shares. Credit Suisse Group started coverage on Prudential Financial in a research note on Wednesday, April 25th. They issued a “neutral” rating and a $102.00 price target on the stock. Zacks Investment Research cut Prudential Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. ValuEngine cut Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley decreased their price target on Prudential Financial from $131.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. Finally, UBS Group raised Prudential Financial from a “neutral” rating to a “buy” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Prudential Financial presently has an average rating of “Buy” and a consensus price target of $114.75.

Prudential Financial opened at $96.84 on Thursday, according to MarketBeat Ratings. Prudential Financial Inc has a 52-week low of $94.51 and a 52-week high of $127.14. The company has a market cap of $40.99 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.12.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $3.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.10. Prudential Financial had a net margin of 13.57% and a return on equity of 9.25%. The company had revenue of $12.88 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the prior year, the business posted $2.79 EPS. equities analysts anticipate that Prudential Financial Inc will post 12.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Tuesday, May 22nd were paid a dividend of $0.90 per share. The ex-dividend date was Monday, May 21st. This represents a $3.60 annualized dividend and a dividend yield of 3.72%. Prudential Financial’s dividend payout ratio (DPR) is 34.03%.

Prudential Financial 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.

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

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