First Quadrant L P CA decreased its position in Prudential Financial, Inc. (NYSE:PRU) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,655 shares of the financial services provider’s stock after selling 5,959 shares during the period. First Quadrant L P CA’s holdings in Prudential Financial were worth $1,909,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PRU. BlackRock Inc. increased 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 during the period. Vanguard Group Inc. increased 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 during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Prudential Financial by 971,689.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 942,636 shares of the financial services provider’s stock worth $100,560,000 after buying an additional 942,539 shares during the period. Bank of Montreal Can increased its position in shares of Prudential Financial by 85.2% in the second quarter. Bank of Montreal Can now owns 1,452,721 shares of the financial services provider’s stock worth $157,097,000 after buying an additional 668,233 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Prudential Financial by 558.9% in the first quarter. NN Investment Partners Holdings N.V. now owns 777,602 shares of the financial services provider’s stock worth $82,954,000 after buying an additional 659,595 shares during the period. 63.35% of the stock is owned by institutional investors and hedge funds.

Shares of Prudential Financial, Inc. (NYSE PRU) opened at 113.52 on Wednesday. Prudential Financial, Inc. has a one year low of $72.25 and a one year high of $114.55. The firm’s 50-day moving average price is $108.36 and its 200-day moving average price is $107.52. The firm has a market cap of $48.70 billion, a PE ratio of 11.52 and a beta of 1.49.

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

TRADEMARK VIOLATION WARNING: “First Quadrant L P CA Has $1.91 Million Stake in Prudential Financial, Inc. (PRU)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/07/26/first-quadrant-l-p-ca-has-1-91-million-stake-in-prudential-financial-inc-pru.html.

A number of equities analysts have recently issued reports on PRU shares. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Tuesday, April 18th. Deutsche Bank AG increased their target price on Prudential Financial from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. BidaskClub downgraded Prudential Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group cut their target price on Prudential Financial from $121.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, May 23rd. Finally, ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Prudential Financial has a consensus rating of “Buy” and a consensus price target of $111.21.

In other Prudential Financial news, insider Charles F. Lowrey sold 222,857 shares of Prudential Financial stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $108.04, for a total transaction of $24,077,470.28. Following the transaction, the insider now directly owns 151,418 shares in the company, valued at approximately $16,359,200.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the transaction, the chairman now owns 456,121 shares in the company, valued at $50,173,310. 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.

Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRU).

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

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.