Schroder Investment Management Group lowered its position in Prudential Financial, Inc. (NYSE:PRU) by 46.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,236 shares of the financial services provider’s stock after selling 80,617 shares during the quarter. Schroder Investment Management Group’s holdings in Prudential Financial were worth $10,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased 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 period. Hudock Capital Group LLC increased its position in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 8 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Prudential Financial by 0.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 18 shares during the period. Trust Co increased its position in Prudential Financial by 1.0% during the 1st quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 20 shares during the period. Finally, Cleararc Capital Inc. increased its position in Prudential Financial by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 38 shares during the period. 64.46% of the stock is owned by institutional investors.

In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 456,121 shares of the company’s stock, valued at $50,173,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction that occurred 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 directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders have sold 220,615 shares of company stock worth $24,276,660 over the last three months. Insiders own 0.66% of the company’s stock.

A number of analysts have weighed in on PRU shares. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $113.00 target price on shares of Prudential Financial in a research report on Tuesday, June 27th. Ten research 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. Prudential Financial has a consensus rating of “Buy” and an average target price of $111.49.

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Prudential Financial, Inc. (PRU) opened at 102.78 on Friday. Prudential Financial, Inc. has a one year low of $78.50 and a one year high of $115.26. The company has a market capitalization of $43.89 billion, a PE ratio of 11.47 and a beta of 1.49. The company has a 50 day moving average price of $105.02 and a 200-day moving average price of $107.08.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the firm posted $1.84 earnings per share. Analysts expect that Prudential Financial, Inc. will post $10.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $3.00 annualized dividend and a dividend yield of 2.92%. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.

Prudential Financial 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.

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

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