Nomura Holdings Inc. Increases Holdings in Prudential Financial, Inc. (PRU)

Nomura Holdings Inc. boosted its stake in Prudential Financial, Inc. (NYSE:PRU) by 3,779.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,546 shares of the financial services provider’s stock after acquiring an additional 114,516 shares during the period. Nomura Holdings Inc.’s holdings in Prudential Financial were worth $12,716,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new stake in Prudential Financial in the second quarter worth about $103,000. Hudock Capital Group LLC raised its position in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the period. Guardian Life Insurance Co. of America raised its position in Prudential Financial by 0.3% in 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 acquiring an additional 5 shares during the period. Accurate Investment Solutions Inc. raised its position in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 38 shares during the period. Finally, Trust Co. of Vermont raised its position in Prudential Financial by 28.5% in the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 380 shares during the period. 64.45% of the stock is currently owned by institutional investors and hedge funds.

PRU has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Prudential Financial in a research report on Wednesday, September 6th. BidaskClub lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Morgan Stanley lifted their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Prudential Financial presently has a consensus rating of “Buy” and a consensus target price of $115.08.

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Prudential Financial, Inc. (PRU) traded up 0.6521% during trading on Tuesday, hitting $109.7712. 571,672 shares of the stock traded hands. The company has a market cap of $46.87 billion, a P/E ratio of 12.2554 and a beta of 1.51. Prudential Financial, Inc. has a 52-week low of $82.45 and a 52-week high of $115.26. The firm has a 50-day moving average price of $103.80 and a 200 day moving average price of $106.59.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company earned $1.84 EPS. On average, equities analysts expect that Prudential Financial, Inc. will post $10.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.

In other news, insider Nicholas C. Silitch sold 14,897 shares of the 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 owns 21,274 shares in the company, valued at approximately $2,340,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the 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 owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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)

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