Capital Investment Advisors LLC cut its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 20.0% in the 1st quarter, HoldingsChannel reports. The fund owned 2,514 shares of the financial services provider’s stock after selling 628 shares during the period. Capital Investment Advisors LLC’s holdings in Prudential Financial were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Legacy Private Trust Co. acquired a new stake in shares of Prudential Financial during the first quarter valued at about $217,000. NuWave Investment Management LLC grew its stake in Prudential Financial by 1,627.9% in the first quarter. NuWave Investment Management LLC now owns 1,797 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 1,693 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Prudential Financial by 15.2% in the first quarter. Chartwell Investment Partners LLC now owns 115,026 shares of the financial services provider’s stock worth $10,568,000 after purchasing an additional 15,157 shares in the last quarter. DNB Asset Management AS grew its stake in Prudential Financial by 15.5% in the first quarter. DNB Asset Management AS now owns 76,733 shares of the financial services provider’s stock worth $7,050,000 after purchasing an additional 10,311 shares in the last quarter. Finally, Old North State Trust LLC grew its stake in Prudential Financial by 37.2% in the first quarter. Old North State Trust LLC now owns 601 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

A number of equities analysts recently commented on the company. Deutsche Bank lifted their price target on Prudential Financial from $97.00 to $104.00 and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Prudential Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. UBS Group lifted their price target on Prudential Financial from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Wells Fargo & Co assumed coverage on Prudential Financial in a research note on Tuesday, January 8th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Evercore ISI upgraded Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price target for the company in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Prudential Financial presently has an average rating of “Buy” and a consensus price target of $112.21.

Shares of NYSE PRU opened at $101.34 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.35. Prudential Financial Inc has a 52-week low of $75.61 and a 52-week high of $108.92. The stock has a market capitalization of $41.43 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.88 by ($0.44). Prudential Financial had a return on equity of 10.20% and a net margin of 7.01%. The business had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $14.03 billion. During the same period in the prior year, the business earned $2.69 EPS. As a group, analysts anticipate that Prudential Financial Inc will post 12.67 EPS for the current fiscal year.

In other news, insider Stephen Pelletier sold 26,006 shares of Prudential Financial stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $94.04, for a total transaction of $2,445,604.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas C. Silitch sold 13,000 shares of Prudential Financial stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $95.25, for a total value of $1,238,250.00. The disclosure for this sale can be found here. Insiders sold 45,538 shares of company stock worth $4,298,777 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

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Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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