Today: Today, Tocqueville Asset Management L.P. Sold shares of Prudential Financial Inc. (PRU)

Today, Tocqueville Asset Management L.P. Sold shares of Prudential Financial Inc. (PRU)

Tocqueville Asset Management L.P. cut its position in Prudential Financial Inc. (NYSE:PRU) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,467 shares of the company’s stock after selling 270 shares during the period. Tocqueville Asset Management L.P.’s holdings in Prudential Financial were worth $7,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Murphy Capital Management Inc. boosted its position in shares of Prudential Financial by 0.3% in the second quarter. Murphy Capital Management Inc. now owns 3,138 shares of the company’s stock worth $223,000 after buying an additional 8 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of Prudential Financial by 0.3% in the second quarter. Concert Wealth Management Inc. now owns 12,450 shares of the company’s stock worth $879,000 after buying an additional 42 shares in the last quarter. Capital One National Association boosted its position in shares of Prudential Financial by 0.6% in the second quarter. Capital One National Association now owns 16,053 shares of the company’s stock worth $1,145,000 after buying an additional 88 shares in the last quarter. Conning Inc. boosted its position in shares of Prudential Financial by 1.1% in the second quarter. Conning Inc. now owns 11,099 shares of the company’s stock worth $792,000 after buying an additional 120 shares in the last quarter. Finally, Genesee Valley Trust Co. boosted its position in shares of Prudential Financial by 2.8% in the second quarter. Genesee Valley Trust Co. now owns 4,450 shares of the company’s stock worth $317,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 60.58% of the company’s stock.

Prudential Financial Inc. (NYSE:PRU) traded up 0.05% on Tuesday, reaching $84.55. The company had a trading volume of 931,037 shares. The company’s 50-day moving average price is $81.09 and its 200 day moving average price is $76.73. The firm has a market capitalization of $36.95 billion, a P/E ratio of 8.69 and a beta of 1.68. Prudential Financial Inc. has a 1-year low of $57.19 and a 1-year high of $88.77.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 3rd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by $0.67. Prudential Financial had a return on equity of 8.11% and a net margin of 8.90%. During the same quarter in the previous year, the business earned $2.91 EPS. On average, equities analysts forecast that Prudential Financial Inc. will post ($0.01) EPS for the current year.

A number of brokerages recently commented on PRU. Evercore ISI began coverage on Prudential Financial in a report on Wednesday, July 6th. They issued a “hold” rating and a $78.00 target price on the stock. FBR & Co cut Prudential Financial from an “outperform” rating to a “market perform” rating and set a $86.00 target price on the stock. in a report on Tuesday. They noted that the move was a valuation call. Citigroup Inc. decreased their target price on Prudential Financial from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Zacks Investment Research raised Prudential Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Deutsche Bank AG decreased their target price on Prudential Financial from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Prudential Financial presently has an average rating of “Buy” and an average target price of $89.13.

In other news, SVP Sharon C. Taylor sold 85,490 shares of the stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $84.99, for a total transaction of $7,265,795.10. Following the sale, the senior vice president now directly owns 77,221 shares of the company’s stock, valued at approximately $6,563,012.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Charles F. Lowrey sold 41,644 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $80.00, for a total transaction of $3,331,520.00. Following the sale, the insider now directly owns 98,307 shares in the company, valued at $7,864,560. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

About Prudential Financial

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

Related posts

Leave a Comment