November 28, 2016 - By Ruchi Gupta
In a report revealed to investors and clients on today, FBR & Co. maintained their Mkt Perform rating on Prudential Financial (NYSE:PRU)‘s stock. The target price per share would indicate a potential downside of -0.09% from firm’s previous stock close.
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 -11.63% below today’s ($99.96) stock price. Prudential Financial has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, February 11 by Barclays Capital. The rating was upgraded by Goldman Sachs on Friday, September 23 to “Buy”. As per Tuesday, October 18, the company rating was downgraded by FBR Capital. The stock of Prudential Financial Inc (NYSE:PRU) earned “Market Perform” rating by Wells Fargo on Friday, September 23. Bank of America downgraded the shares of PRU in a report on Wednesday, January 20 to “Neutral” rating. The company was upgraded on Monday, September 7 by Deutsche Bank. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. FBR Capital maintained the stock with “Outperform” rating in Monday, May 16 report. Zacks upgraded Prudential Financial Inc (NYSE:PRU) on Monday, September 7 to “Buy” rating. The firm has “Outperform” rating given on Thursday, November 12 by Keefe Bruyette & Woods.
About 1.22 million shares traded hands. 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 EPS, up 19.07% or $0.37 from last year’s $1.94 per share. PRU’s profit will be $994.72 million for 10.82 P/E if the $2.31 EPS becomes a reality. After $2.66 actual EPS 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.
Vigilant Cap Mgmt has invested 0% of its portfolio in Prudential Financial Inc (NYSE:PRU). Hudock Cap Group Limited Liability last reported 2,682 shares in the company. Usca Ria holds 51,360 shares or 0.62% of its portfolio. Hengehold Cap Limited Liability has invested 0.52% of its portfolio in Prudential Financial Inc (NYSE:PRU). Victory Cap Mgmt holds 38,741 shares or 0.01% of its portfolio. One Trading Ltd Partnership holds 7,136 shares or 0.01% of its portfolio. The Massachusetts-based Putnam Investments Ltd Liability Corp has invested 0.08% in Prudential Financial Inc (NYSE:PRU). Moreover, Profund Advsr Limited Com has 0.04% invested in Prudential Financial Inc (NYSE:PRU) for 11,052 shares. Dnb Asset Management As has invested 0% of its portfolio in Prudential Financial Inc (NYSE:PRU). Bp Public Ltd Co has 19,000 shares for 0.05% of their US portfolio. Tradition Capital Management Limited Liability Corp has invested 0.41% of its portfolio in Prudential Financial Inc (NYSE:PRU). Regions Financial Corp holds 1.02 million shares or 0.94% of its portfolio. Hsbc Pcl last reported 559,837 shares in the company. Keybank Natl Association Oh has invested 0.03% of its portfolio in Prudential Financial Inc (NYSE:PRU). Crestpoint Cap Mngmt Lc owns 5,300 shares or 0.2% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 24 selling transactions for $106.14 million net activity. Sleyster Scott also sold $797,731 worth of Prudential Financial Inc (NYSE:PRU) shares. Pelletier Stephen sold $341,329 worth of stock. $11.68 million worth of Prudential Financial Inc (NYSE:PRU) was sold by Lowrey Charles F on Wednesday, November 9. 2,912 shares with value of $270,816 were sold by Lambert Richard F on Wednesday, November 9. STRANGFELD JOHN R JR sold $7.04M worth of stock. Axel Robert had sold 1,474 shares worth $140,030 on Thursday, November 10. Shares for $7.27M were sold by TAYLOR SHARON C.
Prudential Financial, Inc. is a financial services company. The company has a market cap of $43.05 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 9.34 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 news for Prudential Financial Inc (NYSE:PRU) were recently published by: Nasdaq.com, which released: “Prudential Financial, Inc. (PRU) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Johnson & Johnson, Prudential Financial and Manulife …” and published on November 16, 2016 is yet another important article.
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By Ruchi Gupta