Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,435 Shares of Prudential Financial, Inc. (NYSE:PRU)

03 Jul 2025, 05:16 by Doug Wharley · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Prudential Financial, Inc. (NYSE:PRU – Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,756 shares of the financial services provider’s stock after purchasing an additional 1,435 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Prudential Financial were worth $6,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PRU. Exchange Traded Concepts LLC grew its stake in Prudential Financial by 9.7% in the first quarter. Exchange Traded Concepts LLC now owns 2,501 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 222 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Prudential Financial by 41.8% during the 4th quarter. Bridgewater Associates LP now owns 388,349 shares of the financial services provider’s stock valued at $46,031,000 after purchasing an additional 114,459 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Prudential Financial by 9.0% in the 1st quarter. Sound Income Strategies LLC now owns 35,408 shares of the financial services provider’s stock valued at $3,954,000 after purchasing an additional 2,913 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Prudential Financial by 3.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,888 shares of the financial services provider’s stock worth $8,922,000 after buying an additional 2,623 shares during the period. Finally, Verity & Verity LLC lifted its stake in Prudential Financial by 3.6% in the first quarter. Verity & Verity LLC now owns 189,321 shares of the financial services provider’s stock valued at $21,143,000 after buying an additional 6,620 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential purchased 1,675,978 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of $28.64 per share, with a total value of $48,000,009.92. Following the acquisition, the insider owned 3,168,461 shares in the company, valued at approximately $90,744,723.04. This trade represents a 112.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Prudential Financial Stock Down 0.3%

Shares of PRU stock opened at $108.67 on Thursday. Prudential Financial, Inc. has a 52-week low of $90.38 and a 52-week high of $130.55. The stock has a market cap of $38.47 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.04 and a beta of 1.07. The firm’s 50-day moving average is $104.62 and its 200-day moving average is $109.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.17 and a current ratio of 0.17.

Prudential Financial (NYSE:PRU – Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.11. Prudential Financial had a return on equity of 15.84% and a net margin of 3.84%. The business had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter last year, the firm posted $3.12 EPS. The company’s quarterly revenue was down 38.2% on a year-over-year basis. Sell-side analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, May 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend was Tuesday, May 20th. Prudential Financial’s dividend payout ratio is presently 85.58%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PRU shares. Morgan Stanley increased their price objective on shares of Prudential Financial from $108.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Piper Sandler dropped their price target on Prudential Financial from $110.00 to $109.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on Prudential Financial from $108.00 to $113.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on Prudential Financial from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, UBS Group lowered their price objective on shares of Prudential Financial from $122.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $120.15.

View Our Latest Report on PRU

About Prudential Financial

(Free Report)