2,058 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by Green Square Capital LLC

Green Square Capital LLC bought a new stake in Prudential Financial, Inc. (NYSE:PRU) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 2,058 shares of the financial services provider’s stock, valued at approximately $220,000.

Other large investors also recently bought and sold shares of the company. BKD Wealth Advisors LLC increased its stake in Prudential Financial by 51.4% in the first quarter. BKD Wealth Advisors LLC now owns 4,030 shares of the financial services provider’s stock valued at $430,000 after buying an additional 1,369 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Prudential Financial by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,171 shares of the financial services provider’s stock valued at $1,684,000 after buying an additional 625 shares in the last quarter. Osborn Williams & Donohoe LLC increased its stake in Prudential Financial by 0.5% in the first quarter. Osborn Williams & Donohoe LLC now owns 21,187 shares of the financial services provider’s stock valued at $2,260,000 after buying an additional 99 shares in the last quarter. Westpac Banking Corp increased its stake in Prudential Financial by 103.7% in the first quarter. Westpac Banking Corp now owns 54,100 shares of the financial services provider’s stock valued at $5,100,000 after buying an additional 27,536 shares in the last quarter. Finally, Financial Counselors Inc. increased its stake in Prudential Financial by 3.4% in the first quarter. Financial Counselors Inc. now owns 72,807 shares of the financial services provider’s stock valued at $7,767,000 after buying an additional 2,365 shares in the last quarter. Hedge funds and other institutional investors own 63.51% of the company’s stock.

Prudential Financial, Inc. (PRU) traded down 0.19% on Tuesday, reaching $111.48. The company had a trading volume of 1,337,115 shares. Prudential Financial, Inc. has a 12-month low of $74.85 and a 12-month high of $115.26. The stock’s 50 day moving average price is $110.05 and its 200-day moving average price is $107.97. The stock has a market capitalization of $47.94 billion, a PE ratio of 12.20 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by $0.61. The company had revenue of $13.03 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same quarter in the previous year, the firm earned $1.84 EPS. Equities analysts expect that Prudential Financial, Inc. will post $10.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.69%. Prudential Financial’s payout ratio is currently 33.63%.

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PRU has been the topic of several recent research reports. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and set a $121.00 target price on shares of Prudential Financial in a research report on Thursday, April 27th. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $113.00 target price on shares of Prudential Financial in a research report on Tuesday, June 27th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus target price of $111.21.

In other Prudential Financial news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the sale, the chairman now owns 456,121 shares in the company, valued at approximately $50,173,310. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

About Prudential Financial

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.

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

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