Dupont Capital Management Corp Increases Holdings in Prudential Financial, Inc. (NYSE:PRU)

Dupont Capital Management Corp lifted its position in Prudential Financial, Inc. (NYSE:PRUGet Rating) by 39.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,193 shares of the financial services provider’s stock after purchasing an additional 336 shares during the quarter. Dupont Capital Management Corp’s holdings in Prudential Financial were worth $141,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PRU. Equitec Proprietary Markets LLC purchased a new position in shares of Prudential Financial in the fourth quarter worth about $25,000. Rather & Kittrell Inc. purchased a new position in Prudential Financial during the fourth quarter valued at approximately $27,000. FSB Premier Wealth Management Inc. purchased a new position in Prudential Financial during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC purchased a new position in Prudential Financial during the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in Prudential Financial during the fourth quarter valued at approximately $32,000. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PRU. Morgan Stanley reduced their price target on Prudential Financial from $120.00 to $103.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 6th. The Goldman Sachs Group reduced their price target on Prudential Financial from $116.00 to $99.00 and set a “neutral” rating for the company in a research report on Monday, June 6th. JPMorgan Chase & Co. lifted their price target on Prudential Financial from $120.00 to $122.00 in a research report on Monday, July 11th. Royal Bank of Canada cut their price objective on Prudential Financial from $125.00 to $112.00 and set a “sector perform” rating for the company in a research report on Monday, July 11th. Finally, Evercore ISI cut their price objective on Prudential Financial from $107.00 to $100.00 and set an “underperform” rating for the company in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, Prudential Financial presently has a consensus rating of “Hold” and an average price target of $107.58.

Prudential Financial Stock Performance

Shares of NYSE:PRU opened at $95.17 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.06 and a quick ratio of 0.06. The business’s 50 day moving average price is $98.49 and its 200-day moving average price is $108.45. The firm has a market capitalization of $35.69 billion, a PE ratio of 7.72, a P/E/G ratio of 0.91 and a beta of 1.46. Prudential Financial, Inc. has a 1 year low of $89.73 and a 1 year high of $124.22.

Prudential Financial (NYSE:PRUGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.50. The firm had revenue of $13.66 billion for the quarter, compared to analyst estimates of $13.93 billion. Prudential Financial had a return on equity of 9.35% and a net margin of 8.09%. During the same period in the previous year, the company posted $4.11 earnings per share. As a group, equities research analysts expect that Prudential Financial, Inc. will post 11.32 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Tuesday, May 24th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Monday, May 23rd. Prudential Financial’s dividend payout ratio (DPR) is currently 38.93%.

About Prudential Financial

(Get Rating)

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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