Courier Capital LLC boosted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,774 shares of the financial services provider’s stock after acquiring an additional 380 shares during the quarter. Courier Capital LLC’s holdings in Prudential Financial were worth $733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Guardian Life Insurance Co. of America grew its holdings in Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 5 shares during the last quarter. Hudock Capital Group LLC grew its holdings in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Prudential Financial by 0.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 18 shares during the last quarter. Trust Co grew its holdings in Prudential Financial by 1.0% during the 1st quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 20 shares during the last quarter. Finally, Cleararc Capital Inc. grew its holdings in Prudential Financial by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock worth $1,119,000 after acquiring an additional 38 shares during the last quarter. 64.46% of the stock is currently owned by hedge funds and other institutional investors.

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Prudential Financial, Inc. (NYSE:PRU) traded down 0.37% on Thursday, hitting $101.98. 429,173 shares of the company were exchanged. The stock has a 50 day moving average of $105.91 and a 200 day moving average of $107.21. The company has a market capitalization of $43.55 billion, a price-to-earnings ratio of 11.39 and a beta of 1.49. Prudential Financial, Inc. has a 52 week low of $78.37 and a 52 week high of $115.26.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business posted $1.84 EPS. Analysts predict that Prudential Financial, Inc. will post $10.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s dividend payout ratio is 33.63%.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $113.00 price target on shares of Prudential Financial in a research report on Tuesday, June 27th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Prudential Financial currently has a consensus rating of “Buy” and an average target price of $111.49.

In related news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction 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 sale, the chairman now 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 hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the sale, the insider now owns 21,274 shares in the company, valued at approximately $2,340,140. The disclosure for this sale can be found here. Insiders sold 220,615 shares of company stock worth $24,276,660 in the last 90 days. Company insiders own 0.66% of the company’s stock.

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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