Fort Washington Investment Advisors Inc. OH held its stake in shares of Prudential Financial, Inc. (NYSE:PRU) during the first quarter, Holdings Channel reports. The institutional investor owned 108,685 shares of the financial services provider’s stock at the end of the first quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Prudential Financial were worth $11,595,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PRU. Sigma Planning Corp increased its stake in shares of Prudential Financial by 0.3% in the first quarter. Sigma Planning Corp now owns 3,449 shares of the financial services provider’s stock valued at $368,000 after buying an additional 10 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Prudential Financial by 0.4% in the first quarter. Koshinski Asset Management Inc. now owns 5,541 shares of the financial services provider’s stock valued at $591,000 after buying an additional 24 shares during the period. First Personal Financial Services increased its stake in shares of Prudential Financial by 3.4% in the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after buying an additional 46 shares during the period. Savant Capital LLC increased its stake in shares of Prudential Financial by 1.0% in the first quarter. Savant Capital LLC now owns 5,480 shares of the financial services provider’s stock valued at $585,000 after buying an additional 55 shares during the period. Finally, Pegasus Partners Ltd. increased its stake in shares of Prudential Financial by 0.7% in the first quarter. Pegasus Partners Ltd. now owns 8,821 shares of the financial services provider’s stock valued at $941,000 after buying an additional 65 shares during the period. 62.99% of the stock is owned by institutional investors.

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

Prudential Financial, Inc. (NYSE PRU) traded down 0.3252% during midday trading on Tuesday, reaching $108.1272. 60,215 shares of the company’s stock were exchanged. Prudential Financial, Inc. has a 12-month low of $66.51 and a 12-month high of $114.55. The stock’s 50-day moving average is $106.54 and its 200-day moving average is $106.85. The stock has a market capitalization of $46.39 billion, a price-to-earnings ratio of 10.9707 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.15. The business had revenue of $13.24 billion during the quarter, compared to analysts’ expectations of $12.75 billion. Prudential Financial had a net margin of 7.78% and a return on equity of 8.52%. During the same quarter last year, the company posted $2.18 earnings per share. On average, equities analysts forecast that Prudential Financial, Inc. will post $10.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 23rd were issued a $0.75 dividend. The ex-dividend date was Friday, May 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.77%. Prudential Financial’s dividend payout ratio is currently 30.46%.

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Several brokerages recently weighed in on PRU. Deutsche Bank AG raised their price target on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. J P Morgan Chase & Co raised their price target on shares of Prudential Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. Wells Fargo & Co reissued a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Credit Suisse Group reduced their price target 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. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus price target of $108.84.

In other Prudential Financial news, insider Charles F. Lowrey sold 222,857 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $108.04, for a total value of $24,077,470.28. Following the completion of the transaction, the insider now owns 151,418 shares of the company’s stock, valued at $16,359,200.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Company 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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