Vantage Investment Advisors LLC increased its holdings in Prudential Financial, Inc. (NYSE:PRU) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,225 shares of the financial services provider’s stock after buying an additional 2 shares during the period. Vantage Investment Advisors LLC’s holdings in Prudential Financial were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRU. BlackRock Inc. raised its position in shares of Prudential Financial by 3,296.9% in the first quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock valued at $3,437,330,000 after buying an additional 31,272,429 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock valued at $3,229,469,000 after buying an additional 968,500 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Prudential Financial by 2,179.5% in the second quarter. Acadian Asset Management LLC now owns 730,899 shares of the financial services provider’s stock valued at $79,040,000 after buying an additional 698,835 shares in the last quarter. Bank of Montreal Can raised its position in shares of Prudential Financial by 85.2% in the second quarter. Bank of Montreal Can now owns 1,452,721 shares of the financial services provider’s stock valued at $157,097,000 after buying an additional 668,233 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Prudential Financial by 558.9% in the first quarter. NN Investment Partners Holdings N.V. now owns 777,602 shares of the financial services provider’s stock valued at $82,954,000 after buying an additional 659,595 shares in the last quarter. Institutional investors own 64.46% of the company’s stock.

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Shares of Prudential Financial, Inc. (NYSE:PRU) traded up 0.26% on Friday, hitting $98.91. 1,839,760 shares of the stock traded hands. The stock has a 50-day moving average price of $106.50 and a 200 day moving average price of $107.39. The firm has a market cap of $42.23 billion, a P/E ratio of 11.04 and a beta of 1.49. Prudential Financial, Inc. has a 52 week low of $77.68 and a 52 week high of $115.26.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 last year, the business posted $1.84 EPS. Equities research analysts predict that Prudential Financial, Inc. will post $10.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is currently 33.63%.

A number of research firms have recently weighed in on PRU. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Credit Suisse Group lowered 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 report on Tuesday, May 23rd. Royal Bank Of Canada restated a “hold” rating and set a $113.00 price objective on shares of Prudential Financial in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $111.49.

In related news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the transaction, the insider now owns 10,924 shares in the company, valued at approximately $1,225,454.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the transaction, the chairman now owns 456,121 shares in the company, valued at approximately $50,173,310. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,615 shares of company stock worth $24,276,660. Corporate insiders own 0.66% of the company’s stock.

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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