Quantbot Technologies LP lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 203.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 29,874 shares of the financial services provider’s stock after acquiring an additional 20,037 shares during the period. Quantbot Technologies LP’s holdings in Prudential Financial were worth $3,230,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Guardian Life Insurance Co. of America grew its stake in shares of Prudential Financial by 0.3% during 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 acquiring an additional 5 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Prudential Financial by 0.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 18 shares during the period. Trust Co lifted its holdings in shares of Prudential Financial by 1.0% during the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 20 shares during the period. Finally, Cleararc Capital Inc. lifted its holdings in shares of Prudential Financial by 0.4% during the first quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 64.45% of the company’s stock.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the transaction, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s 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 directly owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The disclosure for this sale can be found here. Insiders have sold 220,615 shares of company stock valued at $24,276,660 in the last three months. 0.66% of the stock is currently owned by company insiders.

Shares of Prudential Financial, Inc. (PRU) traded up 0.34% during mid-day trading on Friday, hitting $105.14. The company had a trading volume of 237,734 shares. Prudential Financial, Inc. has a 12 month low of $78.50 and a 12 month high of $115.26. The firm has a 50-day moving average price of $104.48 and a 200 day moving average price of $106.88. The firm has a market capitalization of $44.89 billion, a P/E ratio of 11.74 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data 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). The firm had revenue of $13.03 billion for the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities research analysts forecast that Prudential Financial, Inc. will post $10.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.

ILLEGAL ACTIVITY WARNING: “Prudential Financial, Inc. (PRU) Shares Bought by Quantbot Technologies LP” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/09/22/prudential-financial-inc-pru-shares-bought-by-quantbot-technologies-lp.html.

PRU has been the subject of a number of research reports. BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $117.00 target price on shares of Prudential Financial in a report on Wednesday, September 6th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Ten investment 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. The company presently has a consensus rating of “Buy” and an average target price of $111.49.

Prudential Financial 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.

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.