Tradewinds Capital Management LLC held its stake in shares of Prudential Financial, Inc. (NYSE:PRU) during the second quarter, Holdings Channel reports. The firm owned 1,559 shares of the financial services provider’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Prudential Financial were worth $169,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PRU. Berkshire Asset Management LLC PA raised its stake in shares of Prudential Financial by 46.6% in the first quarter. Berkshire Asset Management LLC PA now owns 3,533 shares of the financial services provider’s stock worth $377,000 after buying an additional 1,123 shares during the last quarter. BLB&B Advisors LLC raised its stake in shares of Prudential Financial by 7.3% in the first quarter. BLB&B Advisors LLC now owns 2,192 shares of the financial services provider’s stock valued at $234,000 after buying an additional 150 shares in the last quarter. Atria Investments LLC raised its stake in shares of Prudential Financial by 1.5% in the first quarter. Atria Investments LLC now owns 15,462 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 225 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in shares of Prudential Financial by 51.4% in the first quarter. BKD Wealth Advisors LLC now owns 4,030 shares of the financial services provider’s stock valued at $430,000 after buying an additional 1,369 shares in the last quarter. Finally, Parametrica Management Ltd raised its stake in shares of Prudential Financial by 292.2% in the first quarter. Parametrica Management Ltd now owns 8,252 shares of the financial services provider’s stock valued at $880,000 after buying an additional 6,148 shares in the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.

Shares of Prudential Financial, Inc. (PRU) opened at 109.94 on Thursday. The stock has a market cap of $47.27 billion, a P/E ratio of 12.04 and a beta of 1.50. The stock has a 50 day moving average of $110.32 and a 200 day moving average of $108.13. Prudential Financial, Inc. has a one year low of $74.85 and a one year high of $115.26.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.70 by $0.61. The business had revenue of $13.03 billion for the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period last year, the company posted $1.84 earnings per share. Equities analysts expect that Prudential Financial, Inc. will post $10.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.73%. Prudential Financial’s dividend payout ratio (DPR) is 33.63%.

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Several brokerages recently commented on PRU. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $113.00 price target on shares of Prudential Financial in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $111.21.

In related news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the stock in a transaction dated 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 sale, the chairman now owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

About Prudential Financial

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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