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13 August 2017, 10:39 | Cesar Cruz
Old Mutual Global Investors (uk) Ltd. Significantly Raises Its Investment in Prudential Financial, Inc. (PRU) Stock
Veritable L.P. now owns 16,582 shares of the financial services provider's stock worth $1,793,000 after buying an additional 584 shares in the last quarter.
A number of other large investors have also recently bought and sold shares of PRU. Guardian Life Insurance Co. of America increased its stake in shares of Prudential Financial by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 1,376 shares of the financial services provider's stock valued at $139,000 after buying an additional 137 shares in the last quarter.
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. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.70 by $0.61. Nelson Roberts Inv Advsrs Lc holds 0.01% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 220 shares. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider's stock valued at $177,000 after buying an additional 5 shares in the last quarter. Capital Management Corp sold 7,089 shares as Prudential Finl Inc (PRU)'s stock declined 6.41%. Following the completion of the sale, the insider now directly owns 10,924 shares of the company's stock, valued at $1,225,454.32. Finally, Harbour Capital Advisors LLC increased its stake in shares of Prudential Financial by 10,714.0% in the second quarter. Quadrant Capital Group has an ownership of 1,376 stocks of the financial services provider's shares valued at $139,000 after scooping up an extra 137 shares through out the previous quarter, First Personal Financial Services upped its stake in Prudential Financial by 3.4% in the Q1. Institutional investors own 63.51% of the company's stock.
The share price of Prudential Financial, Inc. Harris Timothy P sold $674,135 worth of Prudential Financial Inc (NYSE:PRU) on Friday, February 17. The stock ended last trade at $106.06 a share and the price is up more than 1.92% so far this year. The stock of Prudential Financial Inc (NYSE:PRU) earned "Overweight" rating by Barclays Capital on Thursday, February 11. The stock's 50-day moving average price is $110.42 and its 200-day moving average price is $108.12. Prudential plc has a 52-week low of GBX 1,290.00 and a 52-week high of GBX 1,889.50.
Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd.
This table compares StanCorp Financial Group and Prudential Financial's net margins, return on equity and return on assets. The Swiss National Bank holds 1.22M shares with $126.68M value, down from 1.23 million last quarter. 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.
Political tensions continue to weigh on world stocks
The data comes amid tepid inflation that has remained below the Federal Reserve's 2 percent target, despite low unemployment. OIL: Benchmark U.S. crude was down 14 cents to $48.47 a barrel on the on the New York Mercantile Exchange.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. The rating was maintained by Bernstein on Friday, August 7 with "Outperform". The dividend yield was $2.73. Prudential Financial has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings.
ILLEGAL ACTIVITY NOTICE: This story was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of US & global copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/12/macquarie-boosts-prudential-plc-lonpru-price-target-to-gbx-1977.html. The rating was maintained by FBR Capital on Wednesday, July 12 with "Hold". Zacks Investment Research cut Prudential Financial from a "buy" rating to a "hold" rating in a report on Wednesday, June 14th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Also, Chairman John R. Strangfeld, Jr. unloaded 201,585 stocks of Prudential Financial shares in a trade dated Mon, Jul 3rd.
Among 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 3 have Buy rating, 4 Sell and 7 Hold.
The stock of Prudential Financial Incorporated (NYSE:PRU) registered a decrease of 1.31% in short interest. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
In related news, insider Lord J. Adair Turner acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 28th. The total value of its holdings increased 0.5%. The disclosure for this sale can be found here. The insider Lowrey Charles F sold $24.08 million. Company insiders own 0.66% of the company's stock. StanCorp Financial Group has increased its dividend for 15 consecutive years and Prudential Financial has increased its dividend for 8 consecutive years.
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