Bp Plc Continues to Hold Position in Prudential Financial, Inc. (PRU)
Bp Plc held its stake in Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the financial services provider’s stock at the end of the second quarter. Bp Plc’s holdings in Prudential Financial were worth $5,407,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in Prudential Financial during the fourth quarter valued at approximately $343,000. CENTRAL TRUST Co boosted its stake in Prudential Financial by 4.1% in the first quarter. CENTRAL TRUST Co now owns 5,399 shares of the financial services provider’s stock valued at $576,000 after buying an additional 211 shares in the last quarter. Trust Co acquired a new stake in Prudential Financial during the fourth quarter valued at approximately $209,000. Creative Planning boosted its stake in Prudential Financial by 9.2% in the first quarter. Creative Planning now owns 13,392 shares of the financial services provider’s stock valued at $1,429,000 after buying an additional 1,125 shares in the last quarter. Finally, Gillespie Robinson & Grimm Inc. boosted its stake in Prudential Financial by 10.5% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 2,899 shares of the financial services provider’s stock valued at $309,000 after buying an additional 275 shares in the last quarter. 63.51% of the stock is owned by institutional investors.
Prudential Financial, Inc. (NYSE PRU) opened at 111.69 on Tuesday. The firm’s 50-day moving average price is $109.66 and its 200 day moving average price is $107.87. Prudential Financial, Inc. has a 52-week low of $73.93 and a 52-week high of $114.55. The stock has a market cap of $48.03 billion, a P/E ratio of 12.23 and a beta of 1.50.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The company had revenue of $13.03 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the company posted $1.84 EPS. Equities analysts predict that Prudential Financial, Inc. will post $10.33 earnings per share for the current year.
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PRU has been the subject of several recent analyst reports. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Tuesday, April 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Prudential Financial in a research note on Thursday, April 27th. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a research note on Tuesday, June 27th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $111.21.
In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the sale, the chairman now owns 456,121 shares in the company, valued at approximately $50,173,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is currently owned by corporate 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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