State of Wisconsin Investment Board boosted its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 16.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 622,193 shares of the financial services provider’s stock after buying an additional 86,680 shares during the period. State of Wisconsin Investment Board owned approximately 0.15% of Prudential Financial worth $67,284,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BKD Wealth Advisors LLC boosted its position in 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 worth $430,000 after buying an additional 1,369 shares during the last quarter. Atria Investments LLC boosted its position in Prudential Financial by 1.5% in the first quarter. Atria Investments LLC now owns 15,462 shares of the financial services provider’s stock worth $1,649,000 after buying an additional 225 shares during the last quarter. BLB&B Advisors LLC boosted its position in 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 worth $234,000 after buying an additional 150 shares during the last quarter. Berkshire Asset Management LLC PA boosted its position in 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. Finally, First United Bank Trust boosted its position in Prudential Financial by 5.3% in the first quarter. First United Bank Trust now owns 17,075 shares of the financial services provider’s stock worth $1,822,000 after buying an additional 865 shares during the last quarter. 63.58% of the stock is owned by institutional investors.

Shares of Prudential Financial, Inc. (NYSE:PRU) opened at 106.74 on Tuesday. The firm has a market cap of $45.58 billion, a price-to-earnings ratio of 11.92 and a beta of 1.50. Prudential Financial, Inc. has a 1-year low of $74.85 and a 1-year high of $115.26. The company’s 50-day moving average is $110.52 and its 200 day moving average is $108.14.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by $0.61. The company had revenue of $13.03 billion during 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 quarter in the prior year, the business earned $1.84 earnings per share. On average, equities research analysts expect that Prudential Financial, Inc. will post $10.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be given a $0.75 dividend. The ex-dividend date is Friday, August 18th. This represents a $3.00 annualized dividend and a yield of 2.81%. Prudential Financial’s dividend payout ratio is 33.63%.

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PRU has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Tuesday, April 18th. Deutsche Bank AG upped their price objective on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Credit Suisse Group reissued a “hold” rating and issued a $121.00 price objective on shares of Prudential Financial in a research report on Thursday, April 27th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research report on Thursday, May 4th. Finally, ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Ten investment 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. The stock has a consensus rating of “Buy” and an average target price of $111.21.

In other Prudential Financial news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 456,121 shares in the company, valued at approximately $50,173,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the firm’s stock in a transaction on 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 owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders sold a total of 220,615 shares of company stock worth $24,276,660 over the last 90 days. Company insiders own 0.66% of the company’s stock.

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.

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

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