Indiana Trust & Investment Management CO reduced its position in Prudential Financial, Inc. (NYSE:PRU) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,676 shares of the financial services provider’s stock after selling 113 shares during the period. Prudential Financial makes up about 1.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 20th largest position. Indiana Trust & Investment Management CO’s holdings in Prudential Financial were worth $2,236,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PRU. BlackRock Inc. raised its position in shares of Prudential Financial by 3,296.9% in the first quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock worth $3,437,330,000 after buying an additional 31,272,429 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock worth $3,229,469,000 after buying an additional 968,500 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Prudential Financial by 9.4% in the first quarter. Geode Capital Management LLC now owns 4,297,520 shares of the financial services provider’s stock worth $457,822,000 after buying an additional 368,321 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Prudential Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,998,472 shares of the financial services provider’s stock worth $319,880,000 after buying an additional 81,327 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Prudential Financial by 1.7% in the first quarter. Legal & General Group Plc now owns 2,247,784 shares of the financial services provider’s stock worth $239,794,000 after buying an additional 38,540 shares in the last quarter. Institutional investors and hedge funds own 63.17% of the company’s stock.

Shares of Prudential Financial, Inc. (NYSE PRU) opened at 111.41 on Monday. The stock has a market cap of $47.79 billion, a P/E ratio of 11.30 and a beta of 1.49. The stock has a 50 day moving average of $105.88 and a 200 day moving average of $106.87. Prudential Financial, Inc. has a 52 week low of $72.25 and a 52 week high of $114.55.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $2.64 by $0.15. Prudential Financial had a return on equity of 8.52% and a net margin of 7.78%. The business had revenue of $13.24 billion for the quarter, compared to analyst estimates of $12.75 billion. During the same quarter in the previous year, the firm earned $2.18 EPS. On average, analysts expect that Prudential Financial, Inc. will post $10.67 earnings per share for the current year.

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A number of equities analysts recently weighed in on PRU shares. Deutsche Bank AG upped their target price on shares of Prudential Financial from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. J P Morgan Chase & Co upped their target price on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, April 3rd. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Nine research analysts have rated the stock with a hold rating, eight have assigned 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 $111.21.

In other news, insider Charles F. Lowrey sold 222,857 shares of Prudential Financial stock in a transaction on Monday, May 8th. The stock was sold at an average price of $108.04, for a total transaction of $24,077,470.28. Following the transaction, the insider now owns 151,418 shares in the company, valued at approximately $16,359,200.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $110.00, for a total value of $22,174,350.00. Following the transaction, the chairman now owns 456,121 shares in the company, valued at approximately $50,173,310. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

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.

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

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