November 29, 2016 - By Louis Casey
Exane BNP Paribas currently has a GBX 1800.00 TP on the 39.72 billion GBP market cap company or 16.34% upside potential. In an analyst note released on Tuesday, 29 November, Prudential PLC (LON:PRU) stock had its Outperform Rating restate by professional analysts at Exane BNP Paribas.
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 1610.43 average target is 4.57% above today’s (GBX 1540) stock price. Prudential PLC has been the topic of 158 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Performer” rating in Wednesday, April 20 report. The company was maintained on Thursday, August 11 by Deutsche Bank. The stock of Prudential plc (LON:PRU) has “Overweight” rating given on Monday, July 11 by Barclays Capital. Barclays Capital maintained the stock with “Overweight” rating in Thursday, March 17 report. The stock of Prudential plc (LON:PRU) has “Overweight” rating given on Tuesday, October 20 by Barclays Capital. The firm has “Hold” rating given on Tuesday, November 1 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Tuesday, February 2. The firm earned “Buy” rating on Wednesday, June 29 by HSBC. JP Morgan maintained the stock with “Neutral” rating in Friday, July 31 report. RBC Capital Markets maintained Prudential plc (LON:PRU) on Wednesday, September 9 with “Outperform” rating.
About 1.21M shares traded hands. Prudential plc (LON:PRU) has risen 14.51% since April 29, 2016 and is uptrending. It has outperformed by 9.25% 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 $994.88 million for 10.76 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 Q2 2016. Its down 0.16, from 1.01 in 2016Q1. The ratio fall, 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.
Loring Wolcott Coolidge Fiduciary Llp Ma accumulated 159 shares or 0% of the stock. The Ontario – Canada-based Manufacturers Life Insur Company The has invested 0.14% in Prudential plc (LON:PRU). Fjarde Ap holds 106,103 shares or 0.18% of its portfolio. Jfs Wealth Advisors Limited Liability, a Pennsylvania-based fund reported 2,079 shares. The United Kingdom-based Cantab Capital Ltd Liability Partnership has invested 0% in Prudential plc (LON:PRU). Wetherby Asset Mgmt holds 0.1% of its portfolio in Prudential plc (LON:PRU) for 6,079 shares. First Retail Bank Na last reported 0.07% of its portfolio in the stock. Stifel Fin Corporation last reported 0.03% of its portfolio in the stock. Wells Fargo & Mn last reported 2.04M shares in the company. Moreover, Twin Cap Mngmt has 0.32% invested in Prudential plc (LON:PRU) for 59,450 shares. Deere & holds 0.16% or 40,884 shares in its portfolio. The Michigan-based Cranbrook Wealth Mngmt Limited has invested 0.07% in Prudential plc (LON:PRU). Eastern Bancorp accumulated 3,497 shares or 0.02% of the stock. Vident Advisory Ltd Company reported 28,166 shares or 0.28% of all its holdings. Kanaly last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 24 sales for $106.14 million net activity. Another trade for 14,695 shares valued at $1.32M was made by FALZON ROBERT on Wednesday, November 9. $6.19 million worth of shares were sold by GRIER MARK B on Thursday, November 10. The insider Axel Robert sold $140,030. The insider Sleyster Scott sold 9,379 shares worth $797,731. $42.14 million worth of Prudential plc (LON:PRU) was sold by STRANGFELD JOHN R JR on Tuesday, August 9. Another trade for 22,368 shares valued at $2.24M was made by Koster Barbara on Monday, November 14. The insider Silitch Nicholas C sold $4.61 million.
Prudential Public Limited Company is an international financial services company. The company has a market cap of 39.72 billion GBP. The Firm has activities in Asia, the United States and the United Kingdom. It has a 21.55 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.”
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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By Louis Casey