Wells Fargo & Company Issues Positive Forecast for Prudential Financial (NYSE:PRU) Stock Price

Prudential Financial (NYSE:PRU) had its price objective lifted by Wells Fargo & Company from $100.00 to $103.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on PRU. Barclays boosted their price target on shares of Prudential Financial from $90.00 to $92.00 and gave the company an “underweight” rating in a report on Tuesday. Mizuho increased their price target on shares of Prudential Financial from $101.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Prudential Financial from $100.00 to $106.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Argus downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $92.00 price objective (down from $106.00) on shares of Prudential Financial in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $103.00.

Prudential Financial Stock Performance

NYSE:PRU opened at $114.92 on Thursday. The firm’s 50-day moving average is $105.20 and its 200-day moving average is $104.02. The company has a market cap of $39.88 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.16 and a current ratio of 0.16. Prudential Financial has a 52-week low of $91.89 and a 52-week high of $119.76.

Prudential Financial (NYSE:PRU) last released its earnings results 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 return on equity of 16.33% and a net margin of 5.83%.The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same period last year, the business earned $3.29 earnings per share. Equities research analysts anticipate that Prudential Financial will post 13.81 earnings per share for the current year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, May 26th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, May 26th. Prudential Financial’s dividend payout ratio (DPR) is currently 57.61%.

Institutional Trading of Prudential Financial

Several hedge funds have recently modified their holdings of PRU. Arrowstreet Capital Limited Partnership raised its position in Prudential Financial by 95.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider’s stock valued at $249,769,000 after purchasing an additional 1,247,371 shares during the last quarter. Norges Bank acquired a new stake in shares of Prudential Financial in the fourth quarter valued at $140,530,000. Marshall Wace LLP raised its holdings in shares of Prudential Financial by 230.3% in the fourth quarter. Marshall Wace LLP now owns 1,374,966 shares of the financial services provider’s stock valued at $155,206,000 after buying an additional 958,672 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Prudential Financial by 379.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 619,701 shares of the financial services provider’s stock worth $66,884,000 after buying an additional 490,553 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Prudential Financial by 37.3% during the 1st quarter. First Trust Advisors LP now owns 1,588,247 shares of the financial services provider’s stock worth $155,156,000 after acquiring an additional 431,527 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial News Summary

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential Financial announced it will release second-quarter 2026 earnings on August 4 and host a strategy call on August 5, giving investors a clear near-term event to watch. Prudential Financial, Inc. to Announce Second Quarter 2026 Earnings; Schedules Earnings and Strategy Call
• Positive Sentiment: Mizuho raised its price target on PRU to $109 from $101, suggesting improved expectations even though it kept a neutral rating. Benzinga report on Mizuho price target update
• Neutral Sentiment: Wells Fargo also lifted its price target on Prudential Financial to $103 from $100, but maintained an underweight rating, which still implies downside from the current share price. Benzinga report on Wells Fargo price target update
• Neutral Sentiment: Analyst sentiment remains cautious overall, with a consensus recommendation of “Reduce,” limiting enthusiasm despite recent price-target increases. Prudential Financial, Inc. Receives Consensus Recommendation of “Reduce” from Analysts
• Neutral Sentiment: Macro articles about inflation and retirement spending may be broadly relevant to Prudential’s retirement-related businesses, but they do not appear to be direct company-specific catalysts. Retirement inflation fears vs. reality: Why it’s actually not as scary as it seems

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.