Prudential Financial, Inc. (PRU) Holdings Trimmed by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 65.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,675 shares of the financial services provider’s stock after selling 7,066 shares during the quarter. Level Four Advisory Services LLC’s holdings in Prudential Financial were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in Prudential Financial during the second quarter worth about $103,000. Hudock Capital Group LLC grew its position in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares during the period. Guardian Life Insurance Co. of America grew its position in Prudential Financial by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after buying an additional 5 shares during the period. Accurate Investment Solutions Inc. grew its position in Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after buying an additional 38 shares during the period. Finally, Advisory Services Network LLC grew its position in Prudential Financial by 128.8% during the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after buying an additional 957 shares during the period. Institutional investors own 64.41% of the company’s stock.

In other news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/18/prudential-financial-inc-pru-holdings-trimmed-by-level-four-advisory-services-llc.html.

Shares of Prudential Financial, Inc. (NYSE:PRU) traded up 0.03% during trading on Wednesday, hitting $108.82. 582,284 shares of the company traded hands. The stock has a market cap of $46.47 billion, a price-to-earnings ratio of 12.15 and a beta of 1.51. Prudential Financial, Inc. has a one year low of $82.45 and a one year high of $115.26. The firm has a 50 day moving average price of $104.79 and a 200-day moving average price of $106.71.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). The business had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period in the prior year, the firm earned $1.84 EPS. Analysts predict that Prudential Financial, Inc. will post $10.14 EPS for the current year.

PRU has been the topic of several recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Tuesday, October 10th. Finally, Citigroup Inc. upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $114.56.

Prudential Financial 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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply