Prudential Financial, Inc. $PRU Shares Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas boosted its position in Prudential Financial, Inc. (NYSE:PRU) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,588 shares of the financial services provider’s stock after acquiring an additional 23,149 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Prudential Financial were worth $9,661,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PRU. Jessup Wealth Management Inc acquired a new stake in Prudential Financial in the fourth quarter valued at approximately $25,000. Salomon & Ludwin LLC raised its holdings in Prudential Financial by 98.3% in the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 114 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in Prudential Financial in the fourth quarter valued at approximately $28,000. Coston McIsaac & Partners raised its holdings in Prudential Financial by 93.4% in the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in Prudential Financial in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU opened at $108.69 on Tuesday. 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 firm has a market cap of $37.72 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. The company’s 50 day simple moving average is $100.75 and its 200-day simple moving average is $104.33. Prudential Financial, Inc. has a 12-month low of $91.89 and a 12-month high of $119.76.

Prudential Financial (NYSE:PRU) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.52. The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. During the same period last year, the firm posted $3.29 earnings per share. As a group, equities analysts predict that Prudential Financial, Inc. will post 13.84 EPS for the current year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.40 per share. The ex-dividend date was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.2%. Prudential Financial’s dividend payout ratio (DPR) is 57.61%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRU. Wells Fargo & Company increased their price target on shares of Prudential Financial from $93.00 to $100.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Piper Sandler increased their price target 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. Barclays increased their price target on shares of Prudential Financial from $89.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Evercore reiterated a “negative” rating on shares of Prudential Financial in a research note on Friday, March 6th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $92.00 price target (down from $106.00) on shares of Prudential Financial in a research note on Monday, May 4th. Eleven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $101.50.

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.