Gotham Asset Management LLC cut its stake in Prudential Financial, Inc. (NYSE:PRU) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,276 shares of the financial services provider’s stock after selling 887 shares during the period. Gotham Asset Management LLC’s holdings in Prudential Financial were worth $679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in Prudential Financial in the second quarter valued at $103,000. Hudock Capital Group LLC lifted its position in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position 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 valued at $177,000 after acquiring an additional 5 shares during the last quarter. Accurate Investment Solutions Inc. lifted its position in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position 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 valued at $185,000 after acquiring an additional 380 shares during the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Prudential Financial, Inc. (PRU) opened at 108.89 on Thursday. Prudential Financial, Inc. has a one year low of $82.45 and a one year high of $115.26. The stock has a 50 day moving average of $105.31 and a 200-day moving average of $106.76. The stock has a market capitalization of $46.50 billion, a PE ratio of 12.16 and a beta of 1.51.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. Equities analysts predict that Prudential Financial, Inc. will post $10.14 earnings per share for the current fiscal year.

In other news, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Pelletier sold 4,133 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

A number of equities research analysts recently weighed in on PRU shares. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $117.00 price target on shares of Prudential Financial in a research report on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $114.56.

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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.

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

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