USA Financial Portformulas Corp grew its holdings in Prudential Financial, Inc. (NYSE:PRU) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,895 shares of the financial services provider’s stock after purchasing an additional 2,547 shares during the quarter. USA Financial Portformulas Corp’s holdings in Prudential Financial were worth $3,017,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PRU. BlackRock Inc. raised its holdings in shares of Prudential Financial by 3,296.9% in the 1st quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock valued at $3,437,330,000 after purchasing an additional 31,272,429 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Prudential Financial by 1,997.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock valued at $130,218,000 after purchasing an additional 1,146,739 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Prudential Financial by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock valued at $3,229,469,000 after purchasing an additional 968,500 shares in the last quarter. AJO LP raised its holdings in shares of Prudential Financial by 42.8% in the 2nd quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock valued at $296,672,000 after purchasing an additional 821,881 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Prudential Financial by 48.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock valued at $243,013,000 after purchasing an additional 737,458 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

Prudential Financial, Inc. (NYSE PRU) traded up 0.38% during mid-day trading on Monday, reaching $109.52. 455,274 shares of the company’s stock traded hands. The stock has a market capitalization of $46.77 billion, a PE ratio of 12.23 and a beta of 1.51. The stock’s 50 day moving average is $104.79 and its 200-day moving average is $106.71. Prudential Financial, Inc. has a 52 week low of $82.45 and a 52 week high of $115.26.

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

Several research firms have recently commented on PRU. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $117.00 to $100.00 in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Tuesday, October 10th. Finally, Morgan Stanley lifted their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Eight 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. The company currently has a consensus rating of “Buy” and an average target price of $114.30.

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 directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction 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 completion of the transaction, the insider now owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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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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