Prudential Financial Inc (PRU) Position Decreased by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. decreased its stake in Prudential Financial Inc (NYSE:PRU) by 19.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,063,528 shares of the financial services provider’s stock after selling 252,589 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.25% of Prudential Financial worth $110,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PRU. Victory Capital Management Inc. boosted its position in shares of Prudential Financial by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 96,863 shares of the financial services provider’s stock valued at $11,137,000 after purchasing an additional 8,627 shares during the period. Barings LLC boosted its position in shares of Prudential Financial by 47.3% in the 4th quarter. Barings LLC now owns 24,812 shares of the financial services provider’s stock valued at $2,853,000 after purchasing an additional 7,970 shares during the period. Cetera Advisors LLC boosted its position in shares of Prudential Financial by 20.4% in the 4th quarter. Cetera Advisors LLC now owns 3,404 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 576 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of Prudential Financial by 10.2% in the 4th quarter. Cetera Advisor Networks LLC now owns 5,142 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 475 shares during the period. Finally, Greenleaf Trust boosted its position in shares of Prudential Financial by 465.0% in the 4th quarter. Greenleaf Trust now owns 2,311 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 1,902 shares during the period. Institutional investors and hedge funds own 64.46% of the company’s stock.

A number of equities analysts recently weighed in on PRU shares. UBS Group upgraded Prudential Financial from a “neutral” rating to a “buy” rating in a research report on Friday, March 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $128.00 price target on shares of Prudential Financial in a research report on Friday, February 23rd. Bank of America started coverage on Prudential Financial in a research report on Monday, March 26th. They set a “buy” rating and a $117.00 price objective for the company. Goldman Sachs Group upgraded Prudential Financial from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $117.00 to $114.00 in a research report on Monday, June 4th. Finally, Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Monday, June 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Prudential Financial has a consensus rating of “Buy” and a consensus price target of $114.75.

Shares of Prudential Financial opened at $98.75 on Friday, according to MarketBeat Ratings. Prudential Financial Inc has a one year low of $94.51 and a one year high of $127.14. The stock has a market cap of $42.35 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $3.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.10. The firm had revenue of $12.88 billion during the quarter, compared to analyst estimates of $13.68 billion. Prudential Financial had a return on equity of 9.25% and a net margin of 13.57%. During the same period last year, the company posted $2.79 EPS. equities analysts expect that Prudential Financial Inc will post 12.15 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Tuesday, May 22nd were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, May 21st. This represents a $3.60 annualized dividend and a dividend yield of 3.65%. Prudential Financial’s dividend payout ratio is 34.03%.

Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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