Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Independent Portfolio Consultants Inc

Prudential PLC

Fort Washington Investment Advisors Inc increased Prudential Financial (PRU) stake by 58.04% reported in 2016Q4 SEC filing. (NYSE:PRU) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

A number of other analysts have also issued reports on PRU. Zeke Cap Advsrs Limited Liability Company stated it has 3,855 shares or 0.11% of all its holdings. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider's stock worth $177,000 after buying an additional 5 shares during the last quarter. First Personal Financial Services raised its position in Prudential Financial by 3.4% in the first quarter. For the outlook of the current financial quarter, Analysts think the firm will post 2.71 earnings per share. Finally, BLB&B Advisors LLC boosted its stake in shares of Prudential Financial by 7.3% in the first quarter. The value in dollars went from $1,430,639,000 to $1,402,853,000 a change of $27,786,000 quarter over quarter. Quadrant Capital Group LLC increased its position in Prudential Financial by 11.1% in the first quarter. Deutsche Bank upgraded Prudential Financial Inc (NYSE:PRU) on Monday, September 7 to "Buy" rating. Prudential plc has a 12 month low of GBX 1,290.00 and a 12 month high of GBX 1,889.50. (PRU) traded down 0.35% during mid-day trading on Friday, reaching $105.69. During the session shares traded on above-average volume.

The stock's 50 day moving average is 25.57 and its 200 day moving average is 25.83. The stock's market capitalization is GBX 45.70 billion. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by $0.61. Adirondack Trust boosted its stake in Prudential Financial by 7.6% in the Q1. The business had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the business earned $1.84 earnings per share. As of the last earnings report the EPS was $9.13 and is projected to be $10.22 for the current year with 430,000,000 shares now outstanding. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, August 18th. Prudential Financial's dividend payout ratio is presently 33.63%. National Asset Mgmt Inc, New York-based fund reported 6,383 shares.

More notable recent Prudential Financial Inc (NYSE:PRU) news were published by: Reuters.com which released: "Prudential Financial to reorganize United States businesses" on July 20, 2017, also Reuters.com with their article: "Prudential Financial enters Indonesian life insurance market" published on July 18, 2017, Reuters.com published: "Prudential Financial's quarterly profit almost halves" on August 02, 2017. If you are reading this article on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark law.

Several analysts have recently commented on PRU shares. Finally, Credit Suisse Group decreased their target price on shares of Prudential Financial from $121.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of Prudential Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, June 14th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 1,705 ($22.20) target price on shares of Prudential plc in a research note on Friday, May 19th. RBC Capital Markets maintained Prudential Financial Inc (NYSE:PRU) on Monday, July 31 with "Hold" rating. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has "Buy" rating by Wunderlich on Tuesday, November 1.

In other news, insider Lord J. Adair Turner purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, June 28th. The stock was bought at an average cost of GBX 1,802 ($23.47) per share, for a total transaction of £18,020 ($23,466.60). Following the transaction, the insider now owns 10,924 shares of the company's stock, valued at approximately $1,225,454.32.

Prudential Financial, Inc., is a financial services company. The total value of its holdings increased 0.5%. Following the transaction, the insider now owns 21,274 shares of the company's stock, valued at $2,340,140. The disclosure for this sale can be found here. Its share price has risen 4.64% in three months and is up 4.43% for the last five trades. (NYSE:PRU) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 0.00 and sector's optimum level is 0.44.

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