South Dakota Investment Council Maintains Stake in Prudential Financial, Inc. (NYSE:PRU)

South Dakota Investment Council held its stake in shares of Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent filing with the SEC. The firm owned 51,500 shares of the financial services provider’s stock at the close of the second quarter. South Dakota Investment Council’s holdings in Prudential Financial were worth $5,569,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PRU. BlackRock Inc. lifted its stake in Prudential Financial by 3,296.9% in the first quarter. BlackRock Inc. now owns 32,220,957 shares of the financial services provider’s stock valued at $3,437,330,000 after acquiring an additional 31,272,429 shares during the last quarter. Vanguard Group Inc. lifted its stake in Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock valued at $3,229,469,000 after acquiring an additional 968,500 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Prudential Financial by 2,179.5% in the second quarter. Acadian Asset Management LLC now owns 730,899 shares of the financial services provider’s stock valued at $79,040,000 after acquiring an additional 698,835 shares during the last quarter. Bank of Montreal Can raised its position in shares of Prudential Financial by 85.2% in the second quarter. Bank of Montreal Can now owns 1,452,721 shares of the financial services provider’s stock valued at $157,097,000 after purchasing an additional 668,233 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Prudential Financial by 558.9% in the first quarter. NN Investment Partners Holdings N.V. now owns 777,602 shares of the financial services provider’s stock valued at $82,954,000 after purchasing an additional 659,595 shares during the period. Institutional investors and hedge funds own 64.46% of the company’s stock.

WARNING: “South Dakota Investment Council Maintains Stake in Prudential Financial, Inc. (NYSE:PRU)” was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/prudential-financial-inc-pru-stake-maintained-by-south-dakota-investment-council/1602009.html.

Prudential Financial, Inc. (NYSE:PRU) traded down 0.35% during trading on Friday, reaching $101.61. The company’s stock had a trading volume of 664,464 shares. The company has a market capitalization of $43.39 billion, a P/E ratio of 11.34 and a beta of 1.49. The firm’s 50-day moving average price is $105.30 and its 200 day moving average price is $107.14. Prudential Financial, Inc. has a 12-month low of $78.50 and a 12-month high of $115.26.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The company had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the company earned $1.84 earnings per share. On average, analysts predict that Prudential Financial, Inc. will post $10.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, August 18th. Prudential Financial’s dividend payout ratio is currently 33.63%.

Several equities analysts have commented on PRU shares. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $117.00 price target on shares of Prudential Financial in a report on Wednesday, September 6th. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Prudential Financial presently has an average rating of “Buy” and a consensus price target of $111.49.

In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was 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 $50,173,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total value of $463,639.94. Following the completion of the sale, the insider now owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. Insiders have sold a total of 220,615 shares of company stock worth $24,276,660 over the last ninety days. 0.66% of the stock is currently owned by corporate insiders.

Prudential Financial Company Profile

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)

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.