Chevy Chase Trust Holdings Inc. lowered its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,180 shares of the financial services provider’s stock after selling 1,102 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Prudential Financial worth $40,031,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. BKD Wealth Advisors LLC raised 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 valued at $430,000 after buying an additional 1,369 shares during the period. Osborn Williams & Donohoe LLC raised its position in Prudential Financial by 0.5% in the first quarter. Osborn Williams & Donohoe LLC now owns 21,187 shares of the financial services provider’s stock valued at $2,260,000 after buying an additional 99 shares during the period. Westpac Banking Corp raised its position in Prudential Financial by 103.7% in the first quarter. Westpac Banking Corp now owns 54,100 shares of the financial services provider’s stock valued at $5,100,000 after buying an additional 27,536 shares during the period. Financial Counselors Inc. raised its position in Prudential Financial by 3.4% in the first quarter. Financial Counselors Inc. now owns 72,807 shares of the financial services provider’s stock valued at $7,767,000 after buying an additional 2,365 shares during the period. Finally, BLB&B Advisors LLC raised 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 valued at $234,000 after buying an additional 150 shares during the period. Institutional investors own 63.58% of the company’s stock.

Prudential Financial, Inc. (NYSE PRU) traded up 0.04% during midday trading on Friday, reaching $101.95. The company had a trading volume of 3,523,224 shares. The stock’s 50 day moving average price is $110.29 and its 200-day moving average price is $108.05. Prudential Financial, Inc. has a one year low of $75.50 and a one year high of $115.26. The firm has a market capitalization of $43.53 billion, a P/E ratio of 11.38 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by $0.61. The company had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same period in the prior year, the company earned $1.84 earnings per share. On average, equities research analysts anticipate that Prudential Financial, Inc. will post $10.18 earnings per share for the current 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 issued a $0.75 dividend. The ex-dividend date is Friday, August 18th. This represents a $3.00 annualized dividend and a yield of 2.94%. Prudential Financial’s dividend payout ratio is currently 33.63%.

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Several equities analysts have weighed in on PRU shares. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Credit Suisse Group restated a “hold” rating and set a $121.00 target price on shares of Prudential Financial in a report on Thursday, April 27th. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a research note on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.21.

In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the transaction, the chairman now directly owns 456,121 shares of the company’s stock, valued at $50,173,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,615 shares of company stock worth $24,276,660. 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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