Prudential Financial, Inc. $PRU Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its position in Prudential Financial, Inc. (NYSE:PRU) by 268.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,500 shares of the financial services provider’s stock after purchasing an additional 14,942 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Prudential Financial were worth $2,003,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PRU. State Street Corp grew its stake in shares of Prudential Financial by 1.2% in the fourth quarter. State Street Corp now owns 17,234,061 shares of the financial services provider’s stock valued at $1,945,381,000 after buying an additional 210,959 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Prudential Financial by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 9,533,806 shares of the financial services provider’s stock valued at $1,078,904,000 after buying an additional 26,414 shares during the period. Morgan Stanley lifted its stake in Prudential Financial by 6.7% during the 4th quarter. Morgan Stanley now owns 6,649,202 shares of the financial services provider’s stock worth $750,562,000 after acquiring an additional 420,081 shares in the last quarter. Legal & General Group Plc boosted its holdings in Prudential Financial by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 2,701,116 shares of the financial services provider’s stock valued at $280,214,000 after acquiring an additional 62,366 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Prudential Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,428,696 shares of the financial services provider’s stock valued at $274,151,000 after acquiring an additional 15,865 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on PRU shares. UBS Group cut their price target on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods raised their price objective on shares of Prudential Financial from $100.00 to $106.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Mizuho upped their target price on shares of Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company raised their price target on shares of Prudential Financial from $93.00 to $100.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Prudential Financial has an average rating of “Reduce” and an average price target of $101.92.

Prudential Financial Stock Performance

Shares of PRU opened at $112.83 on Friday. The company has a market capitalization of $39.15 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. Prudential Financial, Inc. has a 52-week low of $91.89 and a 52-week high of $119.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $103.68 and a 200 day moving average price of $104.15.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter last year, the company earned $3.29 earnings per share. Research analysts predict that Prudential Financial, Inc. will post 13.81 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, May 26th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, May 26th. Prudential Financial’s dividend payout ratio (DPR) is currently 57.61%.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.