Insiders Selling, Short Interest Growing Prudential Financial, Inc. (NYSE:PRU)

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Insiders Selling, Short Interest Growing Prudential Financial, Inc. (NYSE:PRU)

(NYSE:PRU) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Gideon Cap Advisors Incorporated holds 0.68% in Prudential Financial Inc (NYSE:PRU) or 10,225 shares. Ltd.'s holdings in Prudential Financial were worth $7,176,000 as of its most recent filing with the SEC. Adirondack Trust boosted its stake in Prudential Financial by 7.6% in the Q1. Guardian Life Insurance of America upped its stake in Prudential Financial by 0.3% in the Q1. Koshinski Asset Management Inc. boosted its position in shares of Prudential Financial by 0.4% in the first quarter. $24.08M worth of Prudential Financial Inc (NYSE:PRU) shares were sold by Lowrey Charles F. On Thursday, February 23 the insider Paz George bought $55,365. TX held its position in Prudential Financial, Inc. Its position stood at $82,121,000 a decrease of $904,000 as of quarter end. Proshare Advisors LLC divested its stake by shedding 1,084 shares a decrease of 0.9% as of 06/30/2017. Sigma Planning Corp now owns 3,449 shares of the financial services provider's stock worth $368,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 63.51% of the company's stock. Prudential Financial, Inc. has a one year low of $74.85 and a one year high of $115.26.

Prudential Financial Incorporated (NYSE:PRU) had a decrease of 1.31% in short interest. The company has market cap of $19.89 billion. RBC Capital Markets maintained Prudential Financial Inc (NYSE:PRU) on Monday, July 31 with "Hold" rating.

Shares are trading at $109.94 marginally under the 50 day moving average which is $110.32 and a tad above the 200 day moving average of $108.13.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. The 1 year EPS growth rate is -10.00%.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. This represents a $3.00 annualized dividend and a yield of 2.84%. The rating was maintained by Bernstein on Friday, August 7 with "Outperform". Prudential Financial's dividend payout ratio is presently 33.63%.

Twin Capital Management Inc increased Teleflex Inc (TFX) stake by 6.09% reported in 2016Q4 SEC filing. "(NYSE:PRU) Shares Bought by Foundry Partners LLC" was originally posted by Week Herald and is owned by of Week Herald. If you are reading this report on another publication, it was stolen and republished in violation of USA & global copyright and trademark legislation. The legal version of this story can be accessed at Numeric Lc reported 0.32% of its portfolio in Prudential Financial Inc (NYSE:PRU). Wells Fargo & Company reaffirmed a "hold" rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Prudential Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, June 14th. BidaskClub lowered Prudential Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th. Ltd. Cuts Position in Prudential Financial, Inc. Credit Suisse initiated the stock with "Neutral" rating in Friday, October 7 report. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. On September 30 Barclays made no change to the stock rating of "Overweight" but moved up the price target from $78.00 to $89.00.

As of quarter end Norges Bank had sold 145,114 shares trimming its position 0.7%. Also, insider Stephen Pelletier sold 4,133 shares of the firm's stock in a transaction on Monday, August 7th. Shares were disposed in a price range of $112.18, amounting to $463,639.94. after the transaction, the executive now has 10,924 stocks in the company, worth at $1,225,454.32. It also reduced Marketaxess Hldgs Inc Com (NASDAQ:MKTX) stake by 20,704 shares and now owns 117,744 shares. Wells Fargo & Company restated a "hold" rating on shares of Prudential Financial in a research note on Thursday, August 3rd. 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 during the last quarter.

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