Breaking: Is Buying Prudential Financial Inc Here a Winning Strategy?

Breaking: Is Buying Prudential Financial Inc Here a Winning Strategy?

The stock of Prudential Financial Inc (NYSE:PRU) is a huge mover today! About 1.04 million shares traded hands. Prudential Financial Inc (NYSE:PRU) has risen 20.81% since March 8, 2016 and is uptrending. It has outperformed by 11.49% the S&P500.
The move comes after 5 months positive chart setup for the $37.06B company. It was reported on Oct, 11 by Barchart.com. We have $140.93 PT which if reached, will make NYSE:PRU worth $24.83B more.

Analysts await Prudential Financial Inc (NYSE:PRU) to report earnings on November, 2 after the close. They expect $2.49 EPS, up 3.75% or $0.09 from last year’s $2.4 per share. PRU’s profit will be $1.09 billion for 8.47 P/E if the $2.49 EPS becomes a reality. After $1.84 actual EPS reported by Prudential Financial Inc for the previous quarter, Wall Street now forecasts 35.33% EPS growth.

Prudential Financial Inc (NYSE:PRU) Ratings Coverage

Out of 10 analysts covering Prudential Financial (NYSE:PRU), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Prudential Financial has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Keefe Bruyette & Woods with “Outperform” on Thursday, November 12. The stock of Prudential Financial Inc (NYSE:PRU) has “Neutral” rating given on Wednesday, January 20 by Bank of America. FBR Capital maintained the shares of PRU in a report on Monday, May 16 with “Outperform” rating. The stock of Prudential Financial Inc (NYSE:PRU) has “Buy” rating given on Friday, September 23 by Goldman Sachs. The rating was reinitiated by Wells Fargo on Friday, September 23 with “Market Perform”. The stock of Prudential Financial Inc (NYSE:PRU) earned “Underperform” rating by Bank of America on Wednesday, June 29. The stock has “Buy” rating given by Deutsche Bank on Monday, September 7. On Friday, October 7 the stock rating was initiated by Credit Suisse with “Neutral”. RBC Capital Markets maintained the shares of PRU in a report on Thursday, February 11 with “Sector Perform” rating. The company was maintained on Thursday, February 11 by Barclays 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.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.03, from 1.04 in 2016Q1. The ratio is negative, 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.
Commercial Bank Of Nova Scotia last reported 8,902 shares in the company. The Tennessee-based Pinnacle Financial Prtnrs has invested 0.47% in Prudential Financial Inc (NYSE:PRU). Guardian Cap Advsrs Ltd Partnership accumulated 0.07% or 5,350 shares. Wealthtrust holds 588 shares or 0.03% of its portfolio. Tarbox Gp accumulated 0.02% or 289 shares. Moody Bancorp Division accumulated 0.1% or 23,765 shares. The New York-based Oppenheimer & Co has invested 0.06% in Prudential Financial Inc (NYSE:PRU). Landscape Cap Mgmt Ltd Liability Corp, a New Jersey-based fund reported 8,600 shares. Garland Cap Mngmt has 3% invested in the company for 52,700 shares. Louisiana State Employees Retirement Sys last reported 0.11% of its portfolio in the stock. Sumitomo Mitsui Asset Mngmt Company accumulated 34,535 shares or 0.07% of the stock. Moreover, Hengehold Capital Mngmt Llc has 0.52% invested in Prudential Financial Inc (NYSE:PRU) for 22,330 shares. Reynders Mcveigh Capital Mgmt Ltd has invested 0.09% of its portfolio in Prudential Financial Inc (NYSE:PRU). Fmr Lc holds 0.04% or 4.11M shares in its portfolio. Everence Cap Management owns 12,696 shares or 0.28% of their US portfolio.

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 8 sales for $16.16 million net activity. FALZON ROBERT sold 9,781 shares worth $831,385. On Friday, September 9 Lowrey Charles F sold $3.33 million worth of the stock or 41,644 shares. Harris Timothy P sold 6,531 shares worth $555,135. Shares for $3.17M were sold by Pelletier Stephen. On Friday, September 9 the insider TAYLOR SHARON C sold $1.04M.

More news for Prudential Financial Inc (NYSE:PRU) were recently published by: Bloomberg.com, which released: “BOJ’s Peg to Zero Means Opportunity in U.S. Debt: Prudential” on September 21, 2016. Investorplace.com‘s article titled: “Trade of the Day: Prudential Financial Inc (PRU) Stands Above Friday’s Turmoil” and published on September 12, 2016 is yet another important article.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment