Prudential Financial Inc (PRU) Position Trimmed by Blair William & Co. IL

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Blair William & Co. IL reduced its position in Prudential Financial Inc (NYSE:PRU) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,415 shares of the financial services provider’s stock after selling 2,059 shares during the quarter. Blair William & Co. IL’s holdings in Prudential Financial were worth $871,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Prudential Financial by 3.6% in the 1st quarter. BlackRock Inc. now owns 31,060,511 shares of the financial services provider’s stock worth $3,216,315,000 after purchasing an additional 1,076,466 shares during the period. Geode Capital Management LLC raised its position in Prudential Financial by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 4,456,237 shares of the financial services provider’s stock worth $511,299,000 after purchasing an additional 137,541 shares during the period. LSV Asset Management raised its position in Prudential Financial by 3.1% in the 1st quarter. LSV Asset Management now owns 3,414,712 shares of the financial services provider’s stock worth $353,593,000 after purchasing an additional 103,660 shares during the period. Schwab Charles Investment Management Inc. raised its position in Prudential Financial by 76.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,752,600 shares of the financial services provider’s stock worth $285,032,000 after purchasing an additional 1,191,068 shares during the period. Finally, Wells Fargo & Company MN raised its position in Prudential Financial by 14.2% in the 1st quarter. Wells Fargo & Company MN now owns 2,023,516 shares of the financial services provider’s stock worth $209,536,000 after purchasing an additional 251,240 shares during the period. 64.37% of the stock is currently owned by institutional investors.

Shares of Prudential Financial opened at $96.50 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.93 and a beta of 1.46. Prudential Financial Inc has a one year low of $94.51 and a one year high of $127.14.

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

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.73%. Prudential Financial’s dividend payout ratio is presently 34.03%.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $125.00 price objective on shares of Prudential Financial in a research report on Thursday, April 12th. Wells Fargo & Co reissued a “hold” rating and issued a $111.00 price objective on shares of Prudential Financial in a research report on Thursday, May 3rd. Bank of America started coverage on shares of Prudential Financial in a research report on Monday, March 26th. They issued a “buy” rating and a $117.00 price objective on the stock. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research note on Monday, June 4th. Finally, Deutsche Bank dropped their target price on shares of Prudential Financial from $125.00 to $113.00 and set a “hold” rating on the stock in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Prudential Financial has a consensus rating of “Buy” and an average target price of $114.75.

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.

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

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