M&R Capital Management Inc. held its stake in Prudential Financial, Inc. (NYSE:PRU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,512 shares of the financial services provider’s stock at the close of the 2nd quarter. M&R Capital Management Inc.’s holdings in Prudential Financial were worth $159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its holdings in 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. Green Square Capital LLC increased its holdings in Prudential Financial by 0.3% in the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after buying an additional 7 shares during the last quarter. Hudock Capital Group LLC increased its holdings 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 valued at $123,000 after buying an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings 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 valued at $218,000 after buying an additional 18 shares during the last quarter. Finally, Trust Co increased its holdings in Prudential Financial by 1.0% in the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock valued at $216,000 after buying an additional 20 shares during the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on PRU shares. BidaskClub raised Prudential Financial from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reissued a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a report on Tuesday, June 27th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, Morgan Stanley boosted their price objective on Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $114.30.

In other news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, 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. 0.66% of the stock is owned by corporate insiders.

Shares of Prudential Financial, Inc. (NYSE PRU) traded down 0.38% during trading on Wednesday, hitting $109.58. The stock had a trading volume of 383,105 shares. Prudential Financial, Inc. has a one year low of $82.45 and a one year high of $115.26. The stock’s 50-day moving average price is $104.06 and its 200 day moving average price is $106.62. The stock has a market cap of $46.79 billion, a price-to-earnings ratio of 12.24 and a beta of 1.51.

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). 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 analyst estimates of $12.45 billion. During the same period in the previous year, the business posted $1.84 EPS. On average, equities analysts forecast that Prudential Financial, Inc. will post $10.17 EPS for the current year.

The business also recently declared 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 2.73%. Prudential Financial’s dividend payout ratio (DPR) is currently 33.63%.

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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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