Mutual of America Capital Management LLC reduced its position in Prudential Financial, Inc. (NYSE:PRU) by 21.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,255 shares of the financial services providers stock after selling 13,990 shares during the period. Mutual of America Capital Management LLCs holdings in Prudential Financial were worth $5,449,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of Prudential Financial in the 2nd quarter valued at approximately $103,000. Hudock Capital Group LLC raised its position in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services providers stock worth $123,000 after buying an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services providers stock worth $177,000 after buying an additional 5 shares during the last quarter. Accurate Investment Solutions Inc. raised its position in Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services providers stock worth $180,000 after buying an additional 38 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services providers stock worth $184,000 after buying an additional 957 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.
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PRU has been the subject of a number of recent research reports. BidaskClub raised shares of Prudential Financial from a hold rating to a buy rating in a research note on Wednesday, July 12th. Wells Fargo & Company reaffirmed a hold rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a buy rating on shares of Prudential Financial in a research report on Friday, August 11th. Royal Bank Of Canada reissued a hold rating and set a $117.00 price target on shares of Prudential Financial in a research report on Wednesday, September 6th. Finally, Morgan Stanley boosted their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the company an equal weight rating in a research report on Thursday, October 5th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the companys stock. The company presently has an average rating of Buy and an average target price of $114.56.
In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction on Wednesday, August 9th. The stock was 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 in the company, valued at approximately $2,340,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Pelletier sold 4,133 shares of the firms stock in a transaction on 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 transaction, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping the Zacks consensus estimate of $2.71 by $0.30. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 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 company earned $2.66 EPS.
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 Companys operations consists of four divisions, which together encompass seven segments.
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