SFE Investment Counsel boosted its position in Prudential Financial, Inc. (NYSE:PRU – Free Report) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,685 shares of the financial services provider’s stock after purchasing an additional 5,355 shares during the period. Prudential Financial makes up about 1.3% of SFE Investment Counsel’s portfolio, making the stock its 24th largest holding. SFE Investment Counsel’s holdings in Prudential Financial were worth $8,371,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Jessup Wealth Management Inc bought a new stake in Prudential Financial during the fourth quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in Prudential Financial during the 4th quarter valued at $26,000. Salomon & Ludwin LLC lifted its holdings in shares of Prudential Financial by 98.3% in the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 114 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Prudential Financial by 93.1% in the first quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after buying an additional 134 shares during the period. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Prudential Financial during the fourth quarter valued at $28,000. Institutional investors own 56.83% of the company’s stock.
Key Prudential Financial News
Here are the key news stories impacting Prudential Financial this week:
- Positive Sentiment: Prudential was included in articles highlighting solid dividend stocks and momentum names, which can attract income and value investors looking for stable cash flows and defensive characteristics.
- Positive Sentiment: Mizuho raised its price target on Prudential Financial to $109 from $101, showing improved valuation expectations even though the firm kept a neutral stance.
- Positive Sentiment: Wells Fargo raised its price target to $103 from $100, signaling some confidence in Prudential’s outlook despite maintaining an underweight rating.
- Neutral Sentiment: Prudential announced it will report second-quarter 2026 earnings on August 4 and hold its strategy call on August 5, keeping investors focused on the upcoming results and management commentary. Prudential Financial, Inc. to Announce Second Quarter 2026 Earnings; Schedules Earnings and Strategy Call
- Neutral Sentiment: Jefferies lifted its target to $110 from $105 but kept a hold rating, reinforcing the view that the stock looks fairly valued after its recent run.
- Negative Sentiment: Several broker notes still imply downside from the current share price, including Wells Fargo, Mizuho, and Jefferies, which may temper further near-term gains.
- Negative Sentiment: Consensus coverage referenced in recent reports remains cautious, with analysts described as having a “reduce” recommendation on PRU, pointing to a generally lukewarm outlook.
Prudential Financial Stock Up 0.4%
Prudential Financial (NYSE:PRU – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.52. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. During the same quarter in the previous year, the business earned $3.29 EPS. On average, sell-side analysts forecast that Prudential Financial, Inc. will post 13.82 earnings per share for the current year.
Prudential Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.9%. Prudential Financial’s dividend payout ratio is currently 57.61%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Prudential Financial from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company increased their price target on shares of Prudential Financial from $100.00 to $103.00 and gave the stock an “underweight” rating in a research report on Thursday. Bank of America lowered their price objective on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Zacks Research upgraded shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Prudential Financial from $100.00 to $106.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $104.00.
Get Our Latest Stock Analysis on PRU
Prudential Financial 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.
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