Huntington National Bank trimmed its position in shares of Prudential Financial Inc (NYSE:PRU) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,068 shares of the financial services provider’s stock after selling 9,786 shares during the period. Huntington National Bank’s holdings in Prudential Financial were worth $6,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC grew its position in shares of Prudential Financial by 10.8% during the 4th quarter. Guggenheim Capital LLC now owns 225,011 shares of the financial services provider’s stock worth $21,091,000 after buying an additional 21,865 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Prudential Financial by 0.6% during the 4th quarter. Macquarie Group Ltd. now owns 229,727 shares of the financial services provider’s stock worth $21,535,000 after buying an additional 1,413 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Prudential Financial by 11.8% during the 4th quarter. Franklin Resources Inc. now owns 9,120 shares of the financial services provider’s stock worth $855,000 after buying an additional 962 shares in the last quarter. TFG Advisers LLC bought a new stake in Prudential Financial during the fourth quarter valued at about $58,000. Finally, Quadrant Capital Group LLC boosted its position in Prudential Financial by 32.4% during the fourth quarter. Quadrant Capital Group LLC now owns 3,452 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 844 shares in the last quarter. 60.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of PRU stock traded down $0.29 on Friday, hitting $63.37. The company’s stock had a trading volume of 4,421,083 shares, compared to its average volume of 2,196,426. The stock has a market capitalization of $25.15 billion, a price-to-earnings ratio of 5.78, a P/E/G ratio of 0.77 and a beta of 1.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.14 and a quick ratio of 0.14. Prudential Financial Inc has a fifty-two week low of $38.62 and a fifty-two week high of $102.54. The firm’s fifty day moving average price is $62.12 and its 200-day moving average price is $67.26.

Prudential Financial (NYSE:PRU) last released its earnings results on Tuesday, May 5th. The financial services provider reported $2.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.52). The firm had revenue of $13.33 billion for the quarter, compared to analyst estimates of $14.81 billion. Prudential Financial had a return on equity of 7.13% and a net margin of 5.16%. During the same period in the prior year, the firm earned $3.00 EPS. Analysts predict that Prudential Financial Inc will post 9.21 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on PRU shares. Bank of America dropped their price objective on Prudential Financial from $71.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley increased their target price on Prudential Financial from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. ValuEngine upgraded Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Credit Suisse Group reiterated a “hold” rating and set a $64.00 target price on shares of Prudential Financial in a report on Wednesday, May 6th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Prudential Financial in a report on Tuesday, July 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $79.93.

Prudential Financial 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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