Prudential Financial Inc (NYSE:PRU) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in Prudential Financial Inc (NYSE:PRU) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,498 shares of the financial services provider’s stock after selling 2,780 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Prudential Financial were worth $7,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PRU. Moors & Cabot Inc. boosted its position in Prudential Financial by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 4,252 shares of the financial services provider’s stock worth $431,000 after buying an additional 100 shares during the period. Resources Investment Advisors Inc. grew its position in Prudential Financial by 9.7% during the first quarter. Resources Investment Advisors Inc. now owns 1,205 shares of the financial services provider’s stock valued at $111,000 after buying an additional 107 shares during the period. Hudock Capital Group LLC grew its position in Prudential Financial by 9.0% during the second quarter. Hudock Capital Group LLC now owns 1,320 shares of the financial services provider’s stock valued at $133,000 after buying an additional 109 shares during the period. GAM Holding AG grew its position in Prudential Financial by 1.7% during the first quarter. GAM Holding AG now owns 7,063 shares of the financial services provider’s stock valued at $649,000 after buying an additional 117 shares during the period. Finally, ACG Wealth grew its position in Prudential Financial by 2.3% during the first quarter. ACG Wealth now owns 5,500 shares of the financial services provider’s stock valued at $505,000 after buying an additional 126 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.

PRU has been the subject of several research reports. ValuEngine lowered shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Atlantic Securities lowered shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Wells Fargo & Co set a $115.00 price target on shares of Prudential Financial and gave the company a “buy” rating in a research report on Wednesday, July 31st. B. Riley lowered shares of Prudential Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $122.00 to $100.00 in a research report on Thursday, August 1st. Finally, UBS Group lowered shares of Prudential Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $116.00 to $112.00 in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Prudential Financial has a consensus rating of “Hold” and a consensus price target of $103.59.

NYSE PRU opened at $81.19 on Friday. The company has a market cap of $33.60 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.74 and a beta of 1.49. Prudential Financial Inc has a 52 week low of $75.61 and a 52 week high of $106.64. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $96.89 and its two-hundred day simple moving average is $97.21.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $3.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by ($0.08). The business had revenue of $14.11 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Prudential Financial had a net margin of 6.92% and a return on equity of 9.24%. During the same period last year, the company earned $3.01 earnings per share. As a group, equities research analysts anticipate that Prudential Financial Inc will post 12.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.93%. The ex-dividend date is Monday, August 19th. Prudential Financial’s dividend payout ratio (DPR) is presently 34.22%.

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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