Aperio Group LLC boosted its position in Prudential Financial, Inc. (NYSE:PRU) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,459 shares of the financial services provider’s stock after buying an additional 20,419 shares during the period. Aperio Group LLC owned 0.07% of Prudential Financial worth $31,518,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake 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 during the period. Vanguard Group Inc. raised its stake 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 during the period. Geode Capital Management LLC raised its stake 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 during the period. Dimensional Fund Advisors LP raised its stake 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 during the period. Finally, Legal & General Group Plc raised its stake 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 during the period. Hedge funds and other institutional investors own 63.17% of the company’s stock.

Shares of Prudential Financial, Inc. (NYSE:PRU) traded up 0.61% during trading on Friday, hitting $111.74. 1,357,843 shares of the stock were exchanged. Prudential Financial, Inc. has a 12-month low of $72.25 and a 12-month high of $114.55. The stock’s 50 day moving average is $108.06 and its 200-day moving average is $107.41. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 11.34 and a beta of 1.49.

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

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A number of analysts recently issued reports on PRU shares. Deutsche Bank AG raised 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 raised 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 raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Prudential Financial currently has an average rating of “Buy” and an average target price of $111.21.

In other Prudential Financial news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the completion of the sale, the chairman now directly owns 456,121 shares of the company’s stock, valued at $50,173,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles F. Lowrey sold 222,857 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 151,418 shares of the company’s stock, valued at $16,359,200.72. The disclosure for this sale can be found here. 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.

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

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