New England Research & Management Inc. lifted its holdings in Prudential Financial Inc (NYSE:PRU) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,370 shares of the financial services provider’s stock after purchasing an additional 900 shares during the period. New England Research & Management Inc.’s holdings in Prudential Financial were worth $1,250,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PRU. Schwab Charles Investment Management Inc. increased its stake in shares of Prudential Financial by 76.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,752,600 shares of the financial services provider’s stock worth $285,032,000 after purchasing an additional 1,191,068 shares during the period. BlackRock Inc. increased its stake in shares of Prudential Financial by 3.6% in the first quarter. BlackRock Inc. now owns 31,060,511 shares of the financial services provider’s stock worth $3,216,315,000 after purchasing an additional 1,076,466 shares during the period. Two Sigma Advisers LP increased its stake in shares of Prudential Financial by 305.3% in the fourth quarter. Two Sigma Advisers LP now owns 1,412,795 shares of the financial services provider’s stock worth $162,443,000 after purchasing an additional 1,064,223 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Prudential Financial by 557.9% in the first quarter. OppenheimerFunds Inc. now owns 823,538 shares of the financial services provider’s stock worth $85,277,000 after purchasing an additional 698,362 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of Prudential Financial by 273.8% in the fourth quarter. Two Sigma Investments LP now owns 812,807 shares of the financial services provider’s stock worth $93,457,000 after purchasing an additional 595,386 shares during the period. Institutional investors and hedge funds own 64.42% of the company’s stock.

A number of equities analysts have recently commented on PRU shares. ValuEngine lowered Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, June 29th. Zacks Investment Research lowered Prudential Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Deutsche Bank dropped their price objective on Prudential Financial from $125.00 to $113.00 and set a “hold” rating on the stock in a research note on Friday, May 4th. Goldman Sachs Group upgraded Prudential Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $117.00 to $114.00 in a research note on Monday, June 4th. Finally, Morgan Stanley dropped their price objective on Prudential Financial from $131.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $114.75.

Prudential Financial traded up $0.01, hitting $94.00, on Thursday, according to MarketBeat.com. 50,431 shares of the stock traded hands, compared to its average volume of 1,778,008. Prudential Financial Inc has a 52 week low of $92.05 and a 52 week high of $127.14. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.48 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.86 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.10. Prudential Financial had a return on equity of 9.25% and a net margin of 13.57%. The firm had revenue of $12.88 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the company posted $2.79 earnings per share. equities research analysts expect that Prudential Financial Inc will post 12.15 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Tuesday, May 22nd were paid a dividend of $0.90 per share. The ex-dividend date was Monday, May 21st. This represents a $3.60 annualized dividend and a yield of 3.83%. Prudential Financial’s dividend payout ratio is 34.03%.

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

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