Prudential Financial Inc (NYSE:PRU) Shares Sold by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. trimmed its position in shares of Prudential Financial Inc (NYSE:PRU) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 566,806 shares of the financial services provider’s stock after selling 44,970 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Prudential Financial were worth $57,247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Prudential Financial by 6.5% during the 1st quarter. BlackRock Inc. now owns 29,555,017 shares of the financial services provider’s stock valued at $2,715,518,000 after purchasing an additional 1,810,818 shares during the period. Geode Capital Management LLC boosted its stake in Prudential Financial by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 5,129,191 shares of the financial services provider’s stock valued at $417,519,000 after purchasing an additional 326,075 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in Prudential Financial by 5.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,487,379 shares of the financial services provider’s stock valued at $228,541,000 after purchasing an additional 131,406 shares during the period. Bank of Montreal Can boosted its stake in Prudential Financial by 2.2% during the 1st quarter. Bank of Montreal Can now owns 1,767,172 shares of the financial services provider’s stock valued at $162,367,000 after purchasing an additional 38,365 shares during the period. Finally, OppenheimerFunds Inc. boosted its stake in Prudential Financial by 0.5% during the 1st quarter. OppenheimerFunds Inc. now owns 1,554,721 shares of the financial services provider’s stock valued at $142,848,000 after purchasing an additional 7,894 shares during the period. 63.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PRU traded down $3.25 during midday trading on Monday, reaching $85.31. The company’s stock had a trading volume of 179,040 shares, compared to its average volume of 1,751,114. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $100.68. Prudential Financial Inc has a one year low of $75.61 and a one year high of $106.64. The stock has a market capitalization of $35.96 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.78 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, July 31st. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.08). Prudential Financial had a return on equity of 9.24% and a net margin of 6.92%. The business had revenue of $14.11 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the previous year, the firm earned $3.01 earnings per share. Research analysts anticipate that Prudential Financial Inc will post 12.58 EPS for the current year.

A number of analysts have commented on PRU shares. Citigroup downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $94.00 in a research report on Monday. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Wednesday, May 8th. Wells Fargo & Co set a $115.00 price target on shares of Prudential Financial and gave the stock a “buy” rating in a research report on Wednesday, July 31st. B. Riley downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $122.00 to $100.00 in a research report on Thursday. Finally, ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.45.

Prudential Financial Company 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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