November 28, 2016 - By Clifton Ray
In an analyst report released on 28 November, Prudential (NYSE:PRU) stock Mkt Perform was reiterated by Analysts at FBR & Co.. They currently have a $100 target on the stock. FBR & Co.’s target would suggest a potential downside of -0.78% from the company’s last stock close price.
Out of 10 analysts covering Prudential Financial (NYSE:PRU), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. $105 is the highest target while $78 is the lowest. The $88.33 average target is -12.36% below today’s ($100.79) stock price. Prudential Financial has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Prudential Financial Inc (NYSE:PRU) has “Neutral” rating given on Wednesday, January 20 by Bank of America. On Friday, November 18 the stock rating was upgraded by Bank of America to “Buy”. The rating was maintained by FBR Capital on Monday, May 16 with “Outperform”. The company was reinitiated on Friday, September 23 by Wells Fargo. The stock of Prudential Financial Inc (NYSE:PRU) earned “Buy” rating by Deutsche Bank on Monday, September 7. Barclays Capital maintained Prudential Financial Inc (NYSE:PRU) on Thursday, February 11 with “Overweight” rating. The stock has “Underperform” rating given by Bank of America on Wednesday, June 29. As per Tuesday, October 18, the company rating was downgraded by FBR Capital. The rating was upgraded by Zacks on Monday, September 7 to “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, February 11.
The stock increased 0.15% or $0.15 on November 25, hitting $100.79. Prudential Financial Inc (NYSE:PRU) has risen 27.82% since April 25, 2016 and is uptrending. It has outperformed by 21.81% the S&P500.
Analysts await Prudential Financial Inc (NYSE:PRU) to report earnings on February, 8. They expect $2.31 earnings per share, up 19.07% or $0.37 from last year’s $1.94 per share. PRU’s profit will be $994.68M for 10.91 P/E if the $2.31 EPS becomes a reality. After $2.66 actual earnings per share reported by Prudential Financial Inc for the previous quarter, Wall Street now forecasts -13.16% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.16, from 1.01 in 2016Q1. The ratio dived, as 52 funds sold all Prudential Financial Inc 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.
Ahl Partners Llp, a United Kingdom-based fund reported 13,539 shares. Analytic Limited holds 0.16% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 187,026 shares. Guggenheim Ltd Liability last reported 0.15% of its portfolio in the stock. Moreover, Carroll Financial Associate has 0.02% invested in Prudential Financial Inc (NYSE:PRU) for 1,500 shares. Courier Cap holds 4,376 shares or 0.06% of its portfolio. Moreover, D E Shaw And Communication has 0% invested in Prudential Financial Inc (NYSE:PRU) for 2,887 shares. The Texas-based Sentinel Lba has invested 0.91% in Prudential Financial Inc (NYSE:PRU). Laffer Invests holds 19,487 shares or 0% of its portfolio. Motco has 20 shares for 0% of their US portfolio. Pathstone Family Office Ltd Liability Company has 0.01% invested in the company for 77 shares. Korea reported 461,030 shares or 0.2% of all its holdings. The Wisconsin-based State Of Wisconsin Investment Board has invested 0.19% in Prudential Financial Inc (NYSE:PRU). Veritable L P has 0.02% invested in the company for 13,472 shares. Piershale Finance Grp Incorporated has 0.04% invested in the company for 770 shares. Raab And Moskowitz Asset Mngmt Lc holds 25,129 shares or 1.02% of its portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 24 sales for $106.14 million net activity. Harris Timothy P had sold 5,527 shares worth $514,011. 458,768 Prudential Financial Inc (NYSE:PRU) shares with value of $42.14 million were sold by STRANGFELD JOHN R JR. Sleyster Scott sold 17,124 shares worth $1.60M. Lowrey Charles F sold $11.68M worth of stock or 129,345 shares. TAYLOR SHARON C had sold 85,490 shares worth $7.27 million on Monday, October 10. Silitch Nicholas C sold $4.61M worth of stock or 52,193 shares. On Thursday, November 10 the insider Axel Robert sold $140,030.
Prudential Financial, Inc. is a financial services company. The company has a market cap of $43.40 billion. The Company, through its subsidiaries and affiliates, provides a range of financial services and products, including life insurance, annuities and investment management. It has a 9.41 P/E ratio. The Company’s divisions include U.S.
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.”
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.
More important recent Prudential Financial Inc (NYSE:PRU) news were published by: Nasdaq.com which released: “Prudential Financial, Inc. (PRU) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Johnson & Johnson, Prudential Financial and Manulife …”, Reuters.com published: “Fitch Upgrades Prudential Financial, Inc.’s Ratings” on November 15, 2016. More interesting news about Prudential Financial Inc (NYSE:PRU) was released by: Businesswire.com and their article: “Prudential Financial, Inc. Announces Third Quarter 2016 Results” with publication date: November 02, 2016.
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By Clifton Ray