Natixis Has $1.43 Million Holdings in Prudential Financial Inc (PRU)

Natixis decreased its stake in Prudential Financial Inc (NYSE:PRU) by 95.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,772 shares of the financial services provider’s stock after selling 265,556 shares during the quarter. Natixis’ holdings in Prudential Financial were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PRU. Eagle Asset Management Inc. raised its position in shares of Prudential Financial by 26.2% during the fourth quarter. Eagle Asset Management Inc. now owns 44,744 shares of the financial services provider’s stock worth $4,985,000 after purchasing an additional 9,277 shares during the period. Mariner Wealth Advisors LLC acquired a new stake in shares of Prudential Financial during the fourth quarter worth about $225,000. Suntrust Banks Inc. raised its position in shares of Prudential Financial by 7.5% during the fourth quarter. Suntrust Banks Inc. now owns 44,844 shares of the financial services provider’s stock worth $5,154,000 after purchasing an additional 3,145 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Prudential Financial by 0.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 52,269 shares of the financial services provider’s stock worth $6,010,000 after purchasing an additional 483 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of Prudential Financial by 7.6% during the fourth quarter. Brown Advisory Inc. now owns 21,333 shares of the financial services provider’s stock worth $2,454,000 after purchasing an additional 1,500 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Prudential Financial opened at $96.50 on Friday, MarketBeat.com reports. Prudential Financial Inc has a 52-week low of $94.51 and a 52-week high of $127.14. The company has a market capitalization of $40.50 billion, a P/E ratio of 9.12, a PEG ratio of 0.93 and a beta of 1.46. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.35.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, May 2nd. The financial services provider reported $3.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.10. Prudential Financial had a return on equity of 9.25% and a net margin of 13.57%. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter last year, the firm earned $2.79 EPS. research analysts forecast that Prudential Financial Inc will post 12.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Tuesday, May 22nd were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, May 21st. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. Prudential Financial’s dividend payout ratio is 34.03%.

A number of research firms have recently commented on PRU. Credit Suisse Group began coverage on Prudential Financial in a research report on Wednesday, April 25th. They set a “neutral” rating and a $102.00 price target on the stock. Zacks Investment Research raised Prudential Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. ValuEngine lowered Prudential Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Wells Fargo & Co reaffirmed a “hold” rating and set a $111.00 price target on shares of Prudential Financial in a research report on Thursday, May 3rd. Finally, Bank of America began coverage on Prudential Financial in a research report on Monday, March 26th. They set a “buy” rating and a $117.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $114.75.

About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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

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