NN Investment Partners Holdings N.V. raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 55.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,212,082 shares of the financial services provider’s stock after buying an additional 434,480 shares during the period. Prudential Financial accounts for about 1.2% of NN Investment Partners Holdings N.V.’s portfolio, making the stock its 17th largest position. NN Investment Partners Holdings N.V. owned 0.28% of Prudential Financial worth $131,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Prudential Financial by 3,296.9% in the first quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock valued at $3,437,330,000 after buying an additional 31,272,429 shares during the last quarter. Vanguard Group Inc. raised its position in Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock valued at $3,229,469,000 after buying an additional 968,500 shares during the last quarter. Geode Capital Management LLC raised its position in Prudential Financial by 9.4% in the first quarter. Geode Capital Management LLC now owns 4,297,520 shares of the financial services provider’s stock valued at $457,822,000 after buying an additional 368,321 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Prudential Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,998,472 shares of the financial services provider’s stock valued at $319,880,000 after buying an additional 81,327 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Prudential Financial by 1.7% in the first quarter. Legal & General Group Plc now owns 2,247,784 shares of the financial services provider’s stock valued at $239,794,000 after buying an additional 38,540 shares during the last quarter. 63.17% of the stock is owned by institutional investors and hedge funds.

Shares of Prudential Financial, Inc. (NYSE:PRU) opened at 111.74 on Friday. The stock has a market cap of $47.94 billion, a P/E ratio of 11.34 and a beta of 1.49. The stock’s 50 day moving average is $108.06 and its 200 day moving average is $107.41. Prudential Financial, Inc. has a 12 month low of $72.25 and a 12 month high of $114.55.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.15. Prudential Financial had a net margin of 7.78% and a return on equity of 8.52%. The company had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $12.75 billion. During the same quarter last year, the company earned $2.18 earnings per share. Analysts predict that Prudential Financial, Inc. will post $10.67 earnings per share for the current fiscal year.

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Several research analysts have recently commented on PRU shares. Deutsche Bank AG raised their price objective on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co raised their price objective on shares of Prudential Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 3rd. ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $111.21.

In other news, insider Charles F. Lowrey sold 222,857 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $108.04, for a total transaction of $24,077,470.28. Following the completion of the transaction, the insider now directly owns 151,418 shares in the company, valued at approximately $16,359,200.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the transaction, the chairman now owns 456,121 shares of the company’s stock, valued at $50,173,310. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

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

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