CIBC Asset Management Inc Raises Stock Position in Prudential Financial, Inc. $PRU

Posted by Geri Gentry on Jun 6th, 2026

CIBC Asset Management Inc increased its stake in Prudential Financial, Inc. (NYSE:PRU – Free Report) by 68.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,949 shares of the financial services provider’s stock after purchasing an additional 33,614 shares during the period. CIBC Asset Management Inc’s holdings in Prudential Financial were worth $9,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PRU. Crestmont Private Wealth LLC lifted its stake in Prudential Financial by 7.0% during the 4th quarter. Crestmont Private Wealth LLC now owns 2,832 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 186 shares during the period. Vantus Wealth LLC acquired a new stake in Prudential Financial during the 4th quarter valued at approximately $335,000. BNP Paribas lifted its stake in Prudential Financial by 15,878.4% during the 4th quarter. BNP Paribas now owns 26,684 shares of the financial services provider’s stock valued at $3,013,000 after acquiring an additional 26,517 shares during the period. New Mexico Educational Retirement Board lifted its stake in Prudential Financial by 1.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 16,331 shares of the financial services provider’s stock valued at $1,843,000 after acquiring an additional 300 shares during the period. Finally, Rothschild Wealth LLC lifted its stake in Prudential Financial by 8.2% during the 4th quarter. Rothschild Wealth LLC now owns 5,117 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 388 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PRU. Keefe, Bruyette & Woods boosted their target price on shares of Prudential Financial from $100.00 to $106.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Weiss Ratings cut shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Wells Fargo & Company boosted their target price 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. Bank of America decreased their target price on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Mizuho boosted their price target on shares of Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $101.50.

Get Our Latest Stock Analysis on Prudential Financial

Prudential Financial Trading Up 1.3%

Shares of PRU stock opened at $104.67 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $36.32 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86. The company has a 50-day moving average of $99.54 and a two-hundred day moving average of $104.30. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $119.76.

Prudential Financial (NYSE:PRU – Get Free Report) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.52. The company had revenue of $15.23 billion during 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 quarter last year, the firm posted $3.29 earnings per share. On average, analysts predict that Prudential Financial, Inc. will post 13.84 EPS for the current year.

Prudential Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Prudential Financial’s dividend payout ratio is currently 57.61%.

About Prudential Financial

(Free Report)

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.