Prudential Financial, Inc. (PRU) Holdings Trimmed by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA reduced its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,075 shares of the financial services provider’s stock after selling 1 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Prudential Financial were worth $549,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in Prudential Financial by 25.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,649 shares of the financial services provider’s stock worth $2,341,000 after acquiring an additional 4,372 shares during the period. Seizert Capital Partners LLC grew its holdings in Prudential Financial by 2.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 114,414 shares of the financial services provider’s stock worth $12,373,000 after acquiring an additional 2,421 shares during the period. Pacer Advisors Inc. grew its holdings in Prudential Financial by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 9,822 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 754 shares during the period. IFM Investors Pty Ltd acquired a new stake in Prudential Financial during the 2nd quarter worth about $1,256,000. Finally, Lumbard & Kellner LLC grew its holdings in Prudential Financial by 3.0% during the 2nd quarter. Lumbard & Kellner LLC now owns 76,594 shares of the financial services provider’s stock worth $8,283,000 after acquiring an additional 2,248 shares during the period. Hedge funds and other institutional investors own 64.45% of the company’s stock.

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In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 21,274 shares in the company, valued at $2,340,140. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction dated 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 sale, 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 currently owned by corporate insiders.

A number of analysts have weighed in on the company. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $117.00 in a report on Tuesday. Morgan Stanley increased their price target on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $117.00 price target on shares of Prudential Financial in a report on Wednesday, September 6th. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $115.08.

Shares of Prudential Financial, Inc. (NYSE PRU) traded up 0.65% during trading on Tuesday, reaching $109.77. 586,659 shares of the company traded hands. The stock has a market capitalization of $46.87 billion, a P/E ratio of 12.26 and a beta of 1.51. The firm’s 50 day moving average is $103.80 and its 200-day moving average is $106.58. Prudential Financial, Inc. has a 12-month low of $82.45 and a 12-month high of $115.26.

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

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

Prudential Financial Company 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.

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

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