2,211 Shares in Prudential Financial, Inc. (PRU) Acquired by FinTrust Investment Advisory Services LLC

FinTrust Investment Advisory Services LLC bought a new stake in Prudential Financial, Inc. (NYSE:PRU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,211 shares of the financial services provider’s stock, valued at approximately $235,000.

Several other large investors have also recently added to or reduced their stakes in PRU. Fieldpoint Private Securities LLC bought a new position in shares of Prudential Financial in the second quarter valued at $103,000. Hudock Capital Group LLC boosted 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 purchasing an additional 8 shares during the period. Guardian Life Insurance Co. of America boosted 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 purchasing an additional 5 shares during the period. Accurate Investment Solutions Inc. boosted 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 purchasing an additional 38 shares during the period. Finally, Advisory Services Network LLC boosted 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 purchasing an additional 957 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on PRU shares. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) started coverage on shares of Prudential Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 price objective for the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $117.00 price objective on shares of Prudential Financial in a research report on Wednesday, September 6th. BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $114.56.

Prudential Financial, Inc. (NYSE:PRU) traded up 0.013% during midday trading on Monday, hitting $112.035. The stock had a trading volume of 458,326 shares. The stock has a market cap of $47.84 billion, a P/E ratio of 12.508 and a beta of 1.51. Prudential Financial, Inc. has a 52 week low of $83.09 and a 52 week high of $115.26. The company has a 50-day moving average price of $107.14 and a 200-day moving average price of $107.01.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.84 EPS. Equities analysts expect that Prudential Financial, Inc. will post $10.13 EPS for the current year.

In other 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 transaction of $1,638,670.00. Following the completion of the transaction, the insider now owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Pelletier sold 4,133 shares of the 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 transaction, the insider now owns 10,924 shares of the company’s stock, 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.

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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.

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

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