Prudential Financial, Inc. (PRU) Position Trimmed by United Bank Inc

Trust Company Of Virginia, which manages about $661.59 million US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 58,883 shares to 61,247 shares, valued at $5.74M in 2017Q2, according to the filing. Trust Company Of Virginia sold 63,678 shares as the company's stock declined 6.41% while stock markets rallied.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.70 by ($0.61). Silvercrest Asset Management Group LLC raised its stake in Prudential Financial by 4.1% in the first quarter. Legal & General Group Plc now owns 2,138,025 shares of the company's stock valued at $154,427,000 after buying an additional 74,212 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Prudential Financial by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 9,822 shares of the financial services provider's stock worth $1,062,000 after acquiring an additional 754 shares during the last quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider's stock valued at $184,000 after acquiring an additional 957 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Prudential Public Limited by 5.4% during the second quarter. Qs Investors Ltd Liability invested in 186,470 shares or 0.04% of the stock. Hermes Inv Mngmt Ltd has 0.02% invested in Prudential Financial Inc (NYSE:PRU) for 10,425 shares. Ftb Advsrs has invested 0.01% in Prudential Financial Inc (NYSE:PRU). About 1.25 million shares traded. The company's 50 day moving average price is $107.14 and its 200 day moving average price is $107.01. Prudential Public Limited Company has a 52 week low of $32.52 and a 52 week high of $49.87. The firm has a market cap of $47.69 billion, a P/E ratio of 12.468 and a beta of 1.51. Bank of America downgraded Prudential Financial Inc (NYSE:PRU) on Wednesday, June 29 to "Underperform" rating. Equities research analysts anticipate that Prudential Financial Inc. will post $8.99 earnings per share for the current fiscal year. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since October 30, 2016 and is uptrending. The company had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter previous year, the business earned $1.84 EPS.

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A number of equities analysts recently weighed in on the stock. Goldman Sachs Group Incorporated Incorporated accumulated 2.94 million shares or 0.08% of the stock. (NYSE:PRU) in a research report sent to investors on Wednesday, October 18th. Keefe Bruyette & Woods has "Buy" rating and $118.0 target.

Prudential Public Limited Company (NYSE:PUK) opened at 48.85 on Monday. RBC Capital Markets maintained the shares of PRU in report on Monday, July 31 with "Hold" rating. Zacks Investment Research raised Prudential Public Limited from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research note on Saturday, September 23rd. Finally, FBR & Co upgraded shares of Prudential Financial from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of "Buy" and an average price target of $114.56.

In other news, insider Nicholas C. Silitch sold 14,897 shares of the company's stock in a transaction that occurred on Wednesday, August 9th. About 1.82M shares traded or 18.95% up from the average. Following the sale, the insider now directly owns 21,274 shares of the company's stock, valued at $2,340,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the company's stock in a transaction that occurred on Monday, August 7th.

Gargoyle Investment Advisor Llc increased Target Corp (NYSE:TGT) stake by 14,600 shares to 33,255 valued at $1.74 million in 2017Q2. The disclosure for this sale can be found here.

Prudential Public Limited Company is an worldwide financial services company. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

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