335,825 Shares in Prudential Financial, Inc. $PRU Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in Prudential Financial, Inc. (NYSE:PRU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 335,825 shares of the financial services provider’s stock, valued at approximately $37,912,000. Eurizon Capital SGR S.p.A. owned about 0.10% of Prudential Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC boosted its position 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 worth $27,000 after acquiring an additional 114 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Prudential Financial during the fourth quarter valued at approximately $28,000. Basepoint Wealth LLC acquired a new position in Prudential Financial during the fourth quarter valued at approximately $30,000. Coston McIsaac & Partners lifted its position in Prudential Financial by 93.4% during the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock valued at $29,000 after buying an additional 128 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in Prudential Financial during the third quarter valued at approximately $30,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Prudential Financial Stock Down 0.0%

Shares of NYSE:PRU opened at $100.61 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $98.69 and a 200 day simple moving average of $104.47. The firm has a market cap of $34.91 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86. Prudential Financial, Inc. has a 12-month low of $91.89 and a 12-month 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, beating the consensus estimate of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. On average, equities research analysts anticipate that Prudential Financial, Inc. will post 13.75 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $1.40 per share. The ex-dividend date is Tuesday, May 26th. This represents a $5.60 annualized dividend and a yield of 5.6%. Prudential Financial’s payout ratio is presently 57.61%.

Analyst Ratings Changes

PRU has been the topic of a number of recent research reports. Bank of America reduced their price target 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. Jefferies Financial Group lowered shares of Prudential Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from $124.00 to $98.00 in a research note on Wednesday, April 22nd. Piper Sandler lifted their price objective on shares of Prudential Financial from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods lifted 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. Finally, BMO Capital Markets dropped their price objective on shares of Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $101.50.

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.