Segall Bryant & Hamill LLC bought a new stake in Prudential Financial Inc (NYSE:PRU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,533 shares of the financial services provider’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Prudential Financial by 3.6% in the 1st quarter. BlackRock Inc. now owns 31,060,511 shares of the financial services provider’s stock valued at $3,216,315,000 after acquiring an additional 1,076,466 shares during the last quarter. LSV Asset Management increased its holdings in shares of Prudential Financial by 2.9% during the 2nd quarter. LSV Asset Management now owns 3,513,504 shares of the financial services provider’s stock worth $328,547,000 after buying an additional 98,792 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Prudential Financial by 2.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,814,489 shares of the financial services provider’s stock worth $263,183,000 after buying an additional 61,889 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Prudential Financial by 14.2% during the 1st quarter. Wells Fargo & Company MN now owns 2,023,516 shares of the financial services provider’s stock worth $209,536,000 after buying an additional 251,240 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Prudential Financial by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,318,425 shares of the financial services provider’s stock worth $123,286,000 after buying an additional 83,712 shares during the last quarter. Institutional investors own 63.67% of the company’s stock.

NYSE:PRU opened at $98.43 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $41.86 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.92 and a beta of 1.51. Prudential Financial Inc has a 1-year low of $92.05 and a 1-year high of $127.14.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.07). The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $14.19 billion. Prudential Financial had a net margin of 13.16% and a return on equity of 9.98%. During the same period in the previous year, the company earned $2.09 earnings per share. sell-side analysts expect that Prudential Financial Inc will post 12.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Tuesday, August 21st will be given a $0.90 dividend. The ex-dividend date is Monday, August 20th. This represents a $3.60 dividend on an annualized basis and a yield of 3.66%. Prudential Financial’s payout ratio is currently 34.03%.

A number of research firms have recently commented on PRU. Zacks Investment Research downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. B. Riley upped their price objective on Prudential Financial from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Barclays dropped their price objective on Prudential Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Wells Fargo & Co reiterated a “hold” rating and issued a $111.00 price target on shares of Prudential Financial in a report on Thursday, May 3rd. Finally, Deutsche Bank lowered their price target on Prudential Financial from $125.00 to $113.00 and set a “hold” rating for the company in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $116.43.

About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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