5,558 Shares in Prudential Financial, Inc. $PRU Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Prudential Financial, Inc. (NYSE:PRU) during the 4th quarter, Holdings Channel reports. The fund acquired 5,558 shares of the financial services provider’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position in shares of Prudential Financial by 183.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 804,316 shares of the financial services provider’s stock valued at $83,440,000 after purchasing an additional 520,425 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Prudential Financial by 209.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 520,025 shares of the financial services provider’s stock valued at $55,871,000 after purchasing an additional 351,849 shares during the period. Algebris UK Ltd. bought a new stake in Prudential Financial in the 3rd quarter valued at $36,298,000. Woodline Partners LP bought a new stake in Prudential Financial in the 3rd quarter valued at $32,894,000. Finally, Nordea Investment Management AB lifted its position in Prudential Financial by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock valued at $231,321,000 after acquiring an additional 291,422 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PRU shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $92.00 price objective (down from $106.00) on shares of Prudential Financial in a research report on Monday, May 4th. BMO Capital Markets reduced their price target on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a research report on Thursday, April 23rd. Zacks Research downgraded Prudential Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Mizuho upped their price target on Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Evercore reaffirmed a “negative” rating on shares of Prudential Financial in a research report on Friday, March 6th. Nine equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $101.50.

Prudential Financial Trading Down 0.1%

NYSE:PRU opened at $104.12 on Friday. Prudential Financial, Inc. has a twelve month low of $91.89 and a twelve month 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 business has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $104.58. The company has a market cap of $36.13 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86.

Prudential Financial (NYSE:PRU) last released its quarterly 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. The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same quarter in the prior year, the firm posted $3.29 EPS. As a group, analysts expect that Prudential Financial, Inc. will post 13.82 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Prudential Financial’s dividend payout ratio is presently 57.61%.

About Prudential Financial

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.