US Bancorp DE Has $11.60 Million Position in Prudential Financial, Inc. $PRU

US Bancorp DE reduced its holdings in Prudential Financial, Inc. (NYSE:PRU) by 17.0% during the 4th quarter, HoldingsChannel reports. The firm owned 102,725 shares of the financial services provider’s stock after selling 21,084 shares during the quarter. US Bancorp DE’s holdings in Prudential Financial were worth $11,596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PRU. Arrowstreet Capital Limited Partnership grew its position in shares of Prudential Financial by 183.3% in the third 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 last quarter. Canada Pension Plan Investment Board grew its position in shares of Prudential Financial by 209.2% in the second 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 last quarter. Algebris UK Ltd. acquired a new stake in shares of Prudential Financial in the third quarter valued at about $36,298,000. Woodline Partners LP acquired a new stake in shares of Prudential Financial in the third quarter valued at about $32,894,000. Finally, Nordea Investment Management AB grew its position in shares of Prudential Financial by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock valued at $231,321,000 after purchasing an additional 291,422 shares during the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

Prudential Financial Stock Performance

NYSE PRU opened at $98.71 on Friday. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.34 and a beta of 0.86. The company has a 50 day moving average of $96.97 and a 200-day moving average of $104.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $119.76.

Prudential Financial (NYSE:PRU) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.07). The business had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $14.48 billion. Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.During the same quarter in the previous year, the company posted $2.96 EPS. On average, equities analysts forecast that Prudential Financial, Inc. will post 13.86 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.40 per share. The ex-dividend date was Tuesday, February 17th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. This represents a $5.60 annualized dividend and a dividend yield of 5.7%. Prudential Financial’s dividend payout ratio (DPR) is currently 56.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PRU shares. Bank of America lowered their price target on Prudential Financial from $112.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. BMO Capital Markets cut their price objective on shares of Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company cut their price objective on shares of Prudential Financial from $103.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, April 10th. Finally, UBS Group cut their price objective on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Ten equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $101.75.

Key Stories Impacting Prudential Financial

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

• Positive Sentiment: Analysts expect Q1 to show a higher net investment spread, favorable underwriting results and growth in fixed annuities — these operational beats would support earnings and margin improvement. What’s in the Cards for Prudential Financial This Earnings Season?
• Neutral Sentiment: Pre?earnings deep?dive pieces highlight that analysts are watching metrics beyond revenue/EPS (net spread, NBP, annuity sales, underwriting trends). These previews set expectations but are not immediate catalysts until Q1 results arrive. Exploring Analyst Estimates for Prudential (PRU) Q1 Earnings
• Neutral Sentiment: Prudential appears in a list of high?yield blue?chip income names — inclusion may attract income?focused investors but is not a near?term earnings catalyst. 5 Quality Passive Income Blue-Chips That All Yield 5% and More Safely
• Negative Sentiment: Zacks Research downgraded PRU from “hold” to “strong sell” — a notable analyst downgrade that can pressure sentiment and lead some funds to reduce exposure. Zacks.com
• Negative Sentiment: Prudential warned of inflationary pressures in South Asia even as quarterly new business profit rose — this flags geographic margin risk that could weigh on future NBP and expense assumptions. Prudential flags inflation risks in South Asia

Insider Transactions at Prudential Financial

In related news, Director Joseph J. Wolk purchased 400 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average price of $105.32 per share, with a total value of $42,128.00. Following the completion of the acquisition, the director directly owned 400 shares in the company, valued at approximately $42,128. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacques Chappuis purchased 1,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average cost of $100.97 per share, with a total value of $100,970.00. Following the acquisition, the executive vice president owned 1,000 shares of the company’s stock, valued at $100,970. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,650 shares of company stock worth $168,841. Insiders own 0.05% of the company’s stock.

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.