West Branch Capital LLC purchased a new position in Prudential Financial Inc (NYSE:PRU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,766 shares of the financial services provider’s stock, valued at approximately $481,000.

Several other large investors have also bought and sold shares of PRU. Moors & Cabot Inc. increased its position in Prudential Financial by 2.4% during the second quarter. Moors & Cabot Inc. now owns 4,252 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 100 shares during the last quarter. Resources Investment Advisors Inc. increased its position in shares of Prudential Financial by 9.7% during the first quarter. Resources Investment Advisors Inc. now owns 1,205 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 107 shares during the last quarter. Hudock Capital Group LLC increased its position in shares of Prudential Financial by 9.0% during the second quarter. Hudock Capital Group LLC now owns 1,320 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 109 shares during the last quarter. GAM Holding AG increased its position in shares of Prudential Financial by 1.7% during the first quarter. GAM Holding AG now owns 7,063 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 117 shares during the last quarter. Finally, ACG Wealth increased its position in shares of Prudential Financial by 2.3% during the first quarter. ACG Wealth now owns 5,500 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 126 shares during the last quarter. 63.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE PRU traded up $0.94 during midday trading on Wednesday, hitting $81.59. The company’s stock had a trading volume of 1,115,646 shares, compared to its average volume of 2,528,214. The business’s fifty day simple moving average is $95.01 and its two-hundred day simple moving average is $96.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Prudential Financial Inc has a 1 year low of $75.61 and a 1 year high of $106.64. The firm has a market capitalization of $32.98 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.73 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $3.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by ($0.08). Prudential Financial had a net margin of 6.92% and a return on equity of 9.24%. The business had revenue of $14.11 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the previous year, the business posted $3.01 EPS. Analysts anticipate that Prudential Financial Inc will post 12.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, August 19th. Prudential Financial’s payout ratio is 34.22%.

A number of equities research analysts have weighed in on PRU shares. Wells Fargo & Co set a $115.00 price target on shares of Prudential Financial and gave the company a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating and set a $90.00 price target for the company in a research report on Monday, August 12th. Atlantic Securities cut shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. ValuEngine cut shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Citigroup cut shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $94.00 in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Prudential Financial presently has a consensus rating of “Hold” and an average target price of $104.15.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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