Prudential Financial Inc (PRU) Shares Bought by Vident Investment Advisory LLC
Vident Investment Advisory LLC lifted its stake in Prudential Financial Inc (NYSE:PRU) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,986 shares of the financial services provider’s stock after acquiring an additional 4,709 shares during the period. Vident Investment Advisory LLC’s holdings in Prudential Financial were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Prudential Financial in the 2nd quarter worth approximately $104,000. BRYN MAWR TRUST Co lifted its stake in shares of Prudential Financial by 1.6% in the 2nd quarter. BRYN MAWR TRUST Co now owns 167,735 shares of the financial services provider’s stock worth $15,685,000 after acquiring an additional 2,625 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Prudential Financial in the 2nd quarter worth approximately $4,675,000. Natixis lifted its stake in shares of Prudential Financial by 6,036.0% in the 2nd quarter. Natixis now owns 845,049 shares of the financial services provider’s stock worth $79,021,000 after acquiring an additional 831,277 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Prudential Financial by 3.5% in the 2nd quarter. Voya Investment Management LLC now owns 240,917 shares of the financial services provider’s stock worth $22,529,000 after acquiring an additional 8,125 shares during the period. 63.58% of the stock is owned by institutional investors.
NYSE PRU opened at $99.86 on Friday. 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 Inc has a 12 month low of $92.05 and a 12 month high of $127.14. The company has a market capitalization of $40.36 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Tuesday, August 21st were issued a dividend of $0.90 per share. The ex-dividend date was Monday, August 20th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.61%. Prudential Financial’s dividend payout ratio is currently 34.03%.
A number of analysts recently commented on PRU shares. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a report on Friday, June 29th. Credit Suisse Group dropped their target price on shares of Prudential Financial from $102.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Goldman Sachs Group upgraded shares of Prudential Financial from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 10th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $122.00 target price on shares of Prudential Financial in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $116.43.
Prudential Financial Company Profile
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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