Tradition Capital Management LLC cut its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,502 shares of the financial services provider’s stock after selling 1,350 shares during the quarter. Tradition Capital Management LLC’s holdings in Prudential Financial were worth $2,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hudock Capital Group LLC lifted its holdings in shares of Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares during the period. First Personal Financial Services lifted its holdings in shares of Prudential Financial by 3.4% during the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 46 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in shares of Prudential Financial by 0.3% during 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 acquiring an additional 5 shares during the period. Accurate Investment Solutions Inc. lifted its holdings in shares of Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in shares of Prudential Financial by 28.5% during the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 380 shares during the period. 64.46% of the stock is owned by institutional investors.

In other Prudential Financial news, 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 value of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the completion of the transaction, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Insiders sold 220,615 shares of company stock valued at $24,276,660 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

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PRU has been the subject of a number of analyst reports. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub cut Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $113.00 price objective on shares of Prudential Financial in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $111.21.

Shares of Prudential Financial, Inc. (PRU) traded up 1.05% during mid-day trading on Monday, reaching $103.15. The company had a trading volume of 1,199,247 shares. The firm’s 50-day moving average price is $107.90 and its 200 day moving average price is $107.72. Prudential Financial, Inc. has a 52-week low of $77.68 and a 52-week high of $115.26. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 11.52 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by $0.61. The firm 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 quarter in the prior year, the business posted $1.84 earnings per share. Equities analysts expect that Prudential Financial, Inc. will post $10.14 EPS for the current year.

The company also recently announced 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 2.91%. Prudential Financial’s dividend payout ratio is presently 33.63%.

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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