Is there a Bearish outlook for Prudential Financial Inc (NYSE:PRU) this week?

June 19, 2017 - By Linda Rogers

 Is there a Bearish outlook for Prudential Financial Inc (NYSE:PRU) this week?
Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.32, from 0.85 in 2016Q3. It is positive, as 40 investors sold Prudential Financial Inc shares while 258 reduced holdings. 104 funds opened positions while 244 raised stakes. 258.13 million shares or 1.92% more from 253.26 million shares in 2016Q3 were reported.
Zweig reported 4,400 shares. Btc Capital Mgmt reported 0.79% of its portfolio in Prudential Financial Inc (NYSE:PRU). Columbia Prns L L C reported 10,661 shares. Moreover, Barclays Public Ltd Co has 0.04% invested in Prudential Financial Inc (NYSE:PRU). Fmr Lc reported 3.62 million shares. Kistler, a Alabama-based fund reported 536 shares. Virtu Ltd Liability reported 0.14% stake. Eagle Asset reported 37,849 shares. Regions Fincl Corporation owns 997,074 shares for 1.27% of their portfolio. Verition Fund Ltd Liability Corporation has 7,843 shares. Sun Life Incorporated invested in 24 shares or 0% of the stock. Livforsakringsbolaget Skandia Omsesidigt holds 0.18% or 34,558 shares in its portfolio. 13,820 are held by Engineers Gate Manager Ltd Partnership. Bnp Paribas Arbitrage holds 16,916 shares or 0.01% of its portfolio. Dubuque Savings Bank Trust holds 0% or 95 shares in its portfolio.

Since February 16, 2017, it had 3 insider purchases, and 4 sales for $36.42 million activity. Pelletier Stephen also sold $7.99M worth of Prudential Financial Inc (NYSE:PRU) shares. Koster Barbara sold 33,743 shares worth $3.81 million. Shares for $22,562 were bought by Pianalto Sandra on Friday, March 3. 500 Prudential Financial Inc (NYSE:PRU) shares with value of $55,365 were bought by Paz George. Shares for $24.08M were sold by Lowrey Charles F on Monday, May 8. The insider Harris Timothy P sold $674,135. Another trade for 450 shares valued at $50,000 was bought by TODMAN MICHAEL.

Prudential Financial Inc (NYSE:PRU) Ratings Coverage

Among 13 analysts covering Prudential Financial (NYSE:PRU), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Prudential Financial had 27 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Tuesday, October 18 by FBR Capital. The company was maintained on Thursday, February 11 by Barclays Capital. The firm has “Equal-Weight” rating given on Wednesday, December 14 by Morgan Stanley. As per Thursday, November 12, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Mkt Perform” rating on Monday, November 28 by FBR Capital. The stock of Prudential Financial Inc (NYSE:PRU) has “Hold” rating given on Friday, May 5 by Wells Fargo. The stock of Prudential Financial Inc (NYSE:PRU) has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. The stock has “Neutral” rating by Atlantic Securities on Friday, February 10. The company was initiated on Friday, October 7 by Credit Suisse. The stock of Prudential Financial Inc (NYSE:PRU) has “Buy” rating given on Monday, September 7 by Deutsche Bank. Below is a list of Prudential Financial Inc (NYSE:PRU) latest ratings and price target changes.

05/05/2017 Broker: Wells Fargo Rating: Hold Maintain
28/04/2017 Broker: Credit Suisse Rating: Hold New Target: $121.00 Maintain
10/02/2017 Broker: Atlantic Securities Old Rating: Overweight New Rating: Neutral Downgrade
26/01/2017 Broker: Citigroup Rating: Neutral Initiate

About 293,063 shares traded. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since June 19, 2016 and is uptrending. It has outperformed by 16.96% the S&P500.

Prudential Financial, Inc., is a financial services company. The company has market cap of $46.38 billion. The Company, through its subsidiaries, offers a range of financial services and products, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. It has a 11.01 P/E ratio. The Company’s activities consists of four divisions, which together encompass seven divisions.

More recent Prudential Financial Inc (NYSE:PRU) news were published by: Seekingalpha.com which released: “Prudential Financial -2.2% on investor day” on June 06, 2017. Also Reuters.com published the news titled: “Prudential Financial’s Lata Reddy to chair the Prudential Foundation” on June 14, 2017. Seekingalpha.com‘s news article titled: “Prudential Outshines Aflac And Travelers” with publication date: June 04, 2017 was also an interesting one.

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