Soros Fund Management LLC lifted its stake in Prudential Financial Inc (NYSE:PRU) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,775 shares of the financial services provider’s stock after buying an additional 19,822 shares during the period. Soros Fund Management LLC’s holdings in Prudential Financial were worth $11,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P boosted its holdings in Prudential Financial by 5.0% in the second quarter. Martingale Asset Management L P now owns 10,981 shares of the financial services provider’s stock valued at $1,027,000 after purchasing an additional 520 shares during the last quarter. Whittier Trust Co. boosted its holdings in Prudential Financial by 0.6% in the second quarter. Whittier Trust Co. now owns 92,888 shares of the financial services provider’s stock valued at $8,686,000 after purchasing an additional 540 shares during the last quarter. World Asset Management Inc boosted its holdings in Prudential Financial by 2.2% in the second quarter. World Asset Management Inc now owns 26,268 shares of the financial services provider’s stock valued at $2,456,000 after purchasing an additional 559 shares during the last quarter. Buckingham Capital Management Inc. boosted its holdings in Prudential Financial by 3.3% in the second quarter. Buckingham Capital Management Inc. now owns 18,085 shares of the financial services provider’s stock valued at $1,691,000 after purchasing an additional 570 shares during the last quarter. Finally, Brinker Capital Inc. boosted its holdings in Prudential Financial by 8.0% in the first quarter. Brinker Capital Inc. now owns 7,922 shares of the financial services provider’s stock valued at $820,000 after purchasing an additional 588 shares during the last quarter. 63.58% of the stock is owned by institutional investors.

A number of research analysts recently commented on the company. B. Riley increased their price target on Prudential Financial from $116.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Monday, August 6th. Royal Bank of Canada reissued a “buy” rating and issued a $122.00 price target on shares of Prudential Financial in a report on Friday, August 3rd. Goldman Sachs Group raised Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $117.00 to $114.00 in a report on Monday, June 4th. Finally, ValuEngine raised Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.43.

Shares of NYSE PRU opened at $98.75 on Friday. Prudential Financial Inc has a 52-week low of $92.05 and a 52-week high of $127.14. The company has a market cap of $40.36 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.89 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.12 and a current ratio of 0.12.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($0.07). Prudential Financial had a net margin of 13.16% and a return on equity of 9.98%. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $14.19 billion. During the same quarter in the previous year, the company earned $2.09 EPS. equities research analysts predict that Prudential Financial Inc will post 12.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Tuesday, August 21st were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Monday, August 20th. Prudential Financial’s payout ratio is currently 34.03%.

About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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