Vigilant Capital Management LLC Has $102,000 Stock Holdings in Prudential Financial Inc (NYSE:PRU)

Vigilant Capital Management LLC decreased its stake in Prudential Financial Inc (NYSE:PRU) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,011 shares of the financial services provider’s stock after selling 330 shares during the period. Vigilant Capital Management LLC’s holdings in Prudential Financial were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PRU. BlackRock Inc. grew its position in shares of Prudential Financial by 6.5% in the first quarter. BlackRock Inc. now owns 29,555,017 shares of the financial services provider’s stock valued at $2,715,518,000 after purchasing an additional 1,810,818 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Prudential Financial by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 5,129,191 shares of the financial services provider’s stock valued at $417,519,000 after purchasing an additional 326,075 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Prudential Financial by 5.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,487,379 shares of the financial services provider’s stock valued at $228,541,000 after purchasing an additional 131,406 shares in the last quarter. Bank of Montreal Can grew its position in shares of Prudential Financial by 2.2% in the first quarter. Bank of Montreal Can now owns 1,767,172 shares of the financial services provider’s stock valued at $162,367,000 after purchasing an additional 38,365 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of Prudential Financial by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 1,554,721 shares of the financial services provider’s stock valued at $142,848,000 after purchasing an additional 7,894 shares in the last quarter. 63.04% of the stock is owned by institutional investors.

Shares of NYSE:PRU traded down $0.42 during midday trading on Wednesday, hitting $101.92. The company had a trading volume of 49,266 shares, compared to its average volume of 1,378,307. Prudential Financial Inc has a 12-month low of $75.61 and a 12-month high of $106.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $41.47 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.49. The business has a fifty day simple moving average of $101.00.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.14 by ($0.14). The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.74 billion. Prudential Financial had a return on equity of 9.87% and a net margin of 6.18%. During the same quarter in the previous year, the company posted $3.08 EPS. On average, equities analysts expect that Prudential Financial Inc will post 12.68 earnings per share for the current year.

PRU has been the subject of several research analyst reports. Deutsche Bank lifted their price objective on Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. UBS Group set a $15.00 price target on Hain Celestial Group and gave the company a “sell” rating in a report on Monday, May 13th. Wells Fargo & Co set a $29.00 price target on Amphastar Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $110.59.

About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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