Rating Action: Analysts at Macquarie Reconfirmed their “Outperform” rating for Prudential PLC (LON:PRU) with GBX 1683.00 PT

November 23, 2016 - By Linda Rogers

Prudential PLC (LON:PRU) Rating

In an analyst report revealed to clients on today, Macquarie maintained their “Outperform” rating on Prudential PLC (LON:PRU)‘s stock. The target would indicate a potential upside of 12.20% from firm’s current price.

Prudential plc (LON:PRU) Ratings Coverage

Out of 22 analysts covering Prudential PLC (LON:PRU), 17 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 77% are positive. GBX 1985 is the highest target while GBX 1250 is the lowest. The GBX 1605.67 average target is 3.99% above today’s (GBX 1544) stock price. Prudential PLC has been the topic of 157 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, November 17 by Barclays Capital. The stock has “Outperform” rating given by Bernstein on Friday, January 15. Deutsche Bank maintained the shares of PRU in a report on Wednesday, June 29 with “Hold” rating. The company was maintained on Monday, December 7 by Deutsche Bank. HSBC maintained it with “Buy” rating and GBX 1570 target price in Wednesday, June 29 report. Barclays Capital maintained Prudential plc (LON:PRU) on Wednesday, January 20 with “Overweight” rating. Nomura maintained the shares of PRU in a report on Monday, August 10 with “Neutral” rating. JP Morgan maintained Prudential plc (LON:PRU) rating on Tuesday, July 26. JP Morgan has “Underweight” rating and GBX 1252 price target. As per Wednesday, February 3, the company rating was maintained by Societe Generale. Deutsche Bank maintained the stock with “Buy” rating in Friday, August 7 report.

About 1.02 million shares traded hands. Prudential plc (LON:PRU) has risen 9.09% since April 25, 2016 and is uptrending. It has outperformed by 3.76% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.16, from 1.01 in 2016Q1. The ratio turned negative, as 52 funds sold all Prudential plc shares owned while 247 reduced positions. 58 funds bought stakes while 245 increased positions. They now own 258.74 million shares or 8.27% less from 282.08 million shares in 2016Q1.

State Of New Jersey Common Pension Fund D holds 1.34M shares or 0.43% of its portfolio. Massmutual Tru Company Fsb Adv has 200 shares for 0% of their US portfolio. Nationwide Fund Advsr accumulated 0.14% or 449,813 shares. Caisse De Depot Et Placement Du Quebec accumulated 0.02% or 111,270 shares. Bokf Na reported 74,132 shares or 0.19% of all its holdings. Secor Capital Advsrs L P last reported 0.34% of its portfolio in the stock. Moreover, Letko Brosseau And Inc has 0% invested in Prudential plc (LON:PRU) for 5,670 shares. Price T Rowe Associates Md owns 812,970 shares or 0.01% of their US portfolio. Mufg Americas Holdg last reported 2,432 shares in the company. Moody Savings Bank Tru Division last reported 23,765 shares in the company. North Star Invest Mngmt holds 0.01% or 702 shares in its portfolio. First Republic Inv has invested 0.01% of its portfolio in Prudential plc (LON:PRU). Choate Advsr holds 0% of its portfolio in Prudential plc (LON:PRU) for 3,581 shares. Country Club Trust Company Na accumulated 1.8% or 174,000 shares. Morgan Stanley, a New York-based fund reported 7.04 million shares.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 24 sales for $106.14 million net activity. $514,011 worth of shares were sold by Harris Timothy P on Wednesday, November 9. Lowrey Charles F sold 50,322 shares worth $4.28M. TAYLOR SHARON C also sold $1.94 million worth of Prudential plc (LON:PRU) shares. $3.17M worth of Prudential plc (LON:PRU) was sold by Pelletier Stephen on Friday, September 9. Koster Barbara had sold 21,336 shares worth $1.94M. Lambert Richard F sold 2,912 shares worth $270,816. $1.60M worth of Prudential plc (LON:PRU) shares were sold by Sleyster Scott.

Prudential Public Limited Company is an international financial services company. The company has a market cap of 39.82 billion GBP. The Firm has activities in Asia, the United States and the United Kingdom. It has a 21.6 P/E ratio. The Company’s divisions include Insurance operations, including Asia, the United States ) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.

According to Zacks Investment Research, “Prudential Financial, Inc. is one of the largest financial services institutions in the United States. They provide a wide range of insurance, investment management and other financial products and services. The Prudential name and Rock logo are among the most widely recognized in the United States. They conduct their principal businesses through four divisions: U.S. Consumer, Employee Benefits, International and Asset Management. They also conduct other activities in Corporate and Other operations.”

PRU Company Profile

Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial services and products, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management division; U.S. Individual Life and Group Insurance division, and International Insurance division. The Firm also has corporate and other operations, which include corporate items and initiatives that are not allocated to its business divisions and divested businesses. It offers services and products to individual and institutional clients through third-party distribution networks. The Firm has approximately $1.184 trillion of assets under management (AUM), and has activities in the United States, Asia, Europe and Latin America. The Company’s investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.

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