Farmers & Merchants Investments Inc. maintained its position in shares of Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186 shares of the financial services provider’s stock at the end of the second quarter. Farmers & Merchants Investments Inc.’s holdings in Prudential Financial were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Adirondack Trust Co. boosted its stake in Prudential Financial by 7.6% in the first quarter. Adirondack Trust Co. now owns 1,133 shares of the financial services provider’s stock worth $121,000 after buying an additional 80 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Prudential Financial by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,376 shares of the financial services provider’s stock worth $139,000 after buying an additional 137 shares during the last quarter. First Personal Financial Services boosted its stake in 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 worth $150,000 after buying an additional 46 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after buying an additional 5 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in Prudential Financial by 28.5% in the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock worth $185,000 after buying an additional 380 shares during the last quarter. 63.35% of the stock is owned by hedge funds and other institutional investors.

Prudential Financial, Inc. (PRU) opened at 112.74 on Friday. The firm’s 50-day moving average price is $109.11 and its 200-day moving average price is $107.65. The company has a market cap of $48.37 billion, a price-to-earnings ratio of 11.44 and a beta of 1.49. Prudential Financial, Inc. has a 1-year low of $72.25 and a 1-year high of $114.55.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results 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. The firm had revenue of $13.24 billion for 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 in the prior year, the firm posted $2.18 earnings per share. Equities research analysts forecast that Prudential Financial, Inc. will post $10.67 EPS for the current fiscal year.

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A number of research firms have recently issued reports on PRU. BidaskClub cut Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a research report on Tuesday, June 27th. Zacks Investment Research cut Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $111.21.

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