Cambridge Investment Research Advisors Inc. raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 25.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,649 shares of the financial services provider’s stock after buying an additional 4,372 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Prudential Financial were worth $2,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Guardian Life Insurance Co. of America boosted its stake in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after buying an additional 5 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Prudential Financial by 0.9% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after buying an additional 18 shares in the last quarter. Trust Co boosted its stake in Prudential Financial by 1.0% in the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after buying an additional 20 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Prudential Financial by 0.4% in the first quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 38 shares in the last quarter. Institutional investors own 64.44% of the company’s stock.

Prudential Financial, Inc. (PRU) opened at 102.14 on Thursday. Prudential Financial, Inc. has a 52 week low of $77.01 and a 52 week high of $115.26. The company has a market capitalization of $43.61 billion, a PE ratio of 11.40 and a beta of 1.50. The company has a 50-day moving average of $109.15 and a 200-day moving average of $107.92.

Prudential Financial (NYSE:PRU) last released its earnings results 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 return on equity of 8.98% and a net margin of 7.15%. The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the business earned $1.84 EPS. On average, equities research analysts anticipate that Prudential Financial, Inc. will post $10.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is 33.63%.

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A number of analysts recently commented on PRU shares. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a report on Thursday, May 4th. Credit Suisse Group reduced their price objective on shares of Prudential Financial from $121.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, May 23rd. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Prudential Financial currently has an average rating of “Buy” and an average target price of $111.21.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction 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 sale, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial 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 disclosure for this sale can be found here. Insiders have sold a total of 220,615 shares of company stock worth $24,276,660 in the last ninety days. 0.66% of the stock is owned by company 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.

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

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