Teacher Retirement System of Texas boosted its position in Prudential Financial Inc (NYSE:PRU) by 20.4% during the 2nd quarter, Holdings Channel reports. The fund owned 226,120 shares of the financial services provider’s stock after acquiring an additional 38,310 shares during the quarter. Teacher Retirement System of Texas’ holdings in Prudential Financial were worth $22,838,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Prudential Financial by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 5,129,191 shares of the financial services provider’s stock worth $417,519,000 after purchasing an additional 326,075 shares during the last quarter. Brinker Capital Inc. boosted its holdings in shares of Prudential Financial by 5.0% in the 1st quarter. Brinker Capital Inc. now owns 8,726 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 417 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Prudential Financial in the 1st quarter valued at $703,000. Avalon Advisors LLC boosted its holdings in shares of Prudential Financial by 7.9% in the 1st quarter. Avalon Advisors LLC now owns 133,466 shares of the financial services provider’s stock valued at $12,263,000 after acquiring an additional 9,739 shares during the last quarter. Finally, Cooper Haims Advisors LLC purchased a new stake in shares of Prudential Financial in the 1st quarter valued at $203,000. 63.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PRU traded down $0.37 during trading hours on Friday, hitting $81.71. The stock had a trading volume of 14,301 shares, compared to its average volume of 2,621,032. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day moving average price of $94.23 and a 200 day moving average price of $96.74. Prudential Financial Inc has a fifty-two week low of $75.61 and a fifty-two week high of $106.64. The firm has a market capitalization of $32.42 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.72 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $14.11 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the firm earned $3.01 earnings per share. As a group, analysts predict that Prudential Financial Inc will post 12.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors 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 dividend payout ratio is currently 34.22%.

Several analysts have recently commented on PRU shares. Zacks Investment Research raised shares of Prudential Financial from a “sell” rating to a “hold” rating and set a $90.00 price objective on the stock in a report on Monday, August 12th. Wells Fargo & Co set a $115.00 price objective on shares of Prudential Financial and gave the company a “buy” rating in a report on Wednesday, July 31st. Atlantic Securities downgraded shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. B. Riley downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $122.00 to $100.00 in a report on Thursday, August 1st. Finally, ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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.

Further Reading: Stop Order

Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial Inc (NYSE:PRU).

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

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.