14.81 % to Target, KBW Reconfirms ‘Buy’ Rating on Prudential Financial Inc (NYSE:PRU) Shares Today

September 17, 2017 - By Marguerite Chambers

 14.81 % to Target, KBW Reconfirms ‘Buy’ Rating on Prudential Financial Inc (NYSE:PRU) Shares Today

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.

Gam Hldg Ag invested 0.13% of its portfolio in Prudential Financial Inc (NYSE:PRU). 163,983 were accumulated by Boston Advsr Limited Co. Duncker Streett And holds 0.02% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 546 shares. Moreover, Royal Retail Bank Of Canada has 0.08% invested in Prudential Financial Inc (NYSE:PRU). California-based Reilly Finance Advsr Ltd Company has invested 0% in Prudential Financial Inc (NYSE:PRU). Calvert Inv Mngmt holds 0.66% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 168,686 shares. New Mexico Educational Retirement Board reported 0.23% in Prudential Financial Inc (NYSE:PRU). Schwab Charles Invest Mngmt invested in 0.15% or 1.30M shares. Vident Advisory Lc holds 0.41% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 33,133 shares. Evercore Wealth Mgmt Ltd Llc holds 0.01% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 1,206 shares. Silvercrest Asset Mngmt Group Limited Liability Corporation stated it has 4,186 shares. Bnp Paribas Arbitrage, a New York-based fund reported 16,916 shares. Ww Asset Management holds 0.16% or 40,732 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 396,161 shares or 0.43% of its portfolio. 3,410 are held by Palisades Hudson Asset Mngmt L P.

Since May 8, 2017, it had 0 insider buys, and 1 insider sale for $24.08 million activity. Lowrey Charles F sold $24.08 million worth of stock.

Prudential Financial Inc (NYSE:PRU) Rating Reaffirmed

Recently, In a report sent to investors on Monday morning, Prudential Financial Inc (NYSE:PRU) shares have had their Buy Rating reconfirmed by professional analysts at KBW, who currently has a $118.0 target on firm. This target by KBW suggests the possibile upside of 14.81 % from the stock close price.

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.

Gam Hldg Ag invested 0.13% of its portfolio in Prudential Financial Inc (NYSE:PRU). 163,983 were accumulated by Boston Advsr Limited Co. Duncker Streett And holds 0.02% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 546 shares. Moreover, Royal Retail Bank Of Canada has 0.08% invested in Prudential Financial Inc (NYSE:PRU). California-based Reilly Finance Advsr Ltd Company has invested 0% in Prudential Financial Inc (NYSE:PRU). Calvert Inv Mngmt holds 0.66% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 168,686 shares. New Mexico Educational Retirement Board reported 0.23% in Prudential Financial Inc (NYSE:PRU). Schwab Charles Invest Mngmt invested in 0.15% or 1.30M shares. Vident Advisory Lc holds 0.41% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 33,133 shares. Evercore Wealth Mgmt Ltd Llc holds 0.01% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 1,206 shares. Silvercrest Asset Mngmt Group Limited Liability Corporation stated it has 4,186 shares. Bnp Paribas Arbitrage, a New York-based fund reported 16,916 shares. Ww Asset Management holds 0.16% or 40,732 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 396,161 shares or 0.43% of its portfolio. 3,410 are held by Palisades Hudson Asset Mngmt L P.

Since May 8, 2017, it had 0 insider buys, and 1 insider sale for $24.08 million activity. Lowrey Charles F sold $24.08 million worth of stock.

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 has $121 highest and $78 lowest target. $98.40’s average target is -4.26% below currents $102.78 stock price. Prudential Financial had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Friday, September 23. The firm has “Buy” rating by Bank of America given on Friday, November 18. RBC Capital Markets maintained Prudential Financial Inc (NYSE:PRU) rating on Tuesday, September 5. RBC Capital Markets has “Hold” rating and $117.0 target. FBR Capital downgraded Prudential Financial Inc (NYSE:PRU) on Tuesday, October 18 to “Mkt Perform” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, September 11 with “Buy”. Wells Fargo reinitiated the stock with “Market Perform” rating in Friday, September 23 report. The rating was maintained by Wells Fargo with “Hold” on Wednesday, August 2. As per Monday, May 16, the company rating was maintained by FBR Capital. The stock of Prudential Financial Inc (NYSE:PRU) has “Neutral” rating given on Friday, February 10 by Atlantic Securities. The stock of Prudential Financial Inc (NYSE:PRU) earned “Hold” rating by RBC Capital Markets on Monday, June 26.

The stock increased 0.78% or $0.8 on September 15, reaching $102.78. About 2.94 million shares traded or 43.41% up from the average. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since September 17, 2016 and is uptrending. It has outperformed by 16.96% the S&P500.

Investors wait Prudential Financial Inc (NYSE:PRU) to report on November, 1. its quarterly earnings Wall Street analysts expect $2.71 EPS, up $0.05 or 1.88 % from last year’s $2.66 same quarter earnings. This translates into $1.17B profit for PRU giving the stock a 9.48 P/E. This is assuming the current $2.71 EPS is accurate. Prudential Financial Inc’s Wall Street analysts see 29.67 % EPS growth, taking into account the $2.09 EPS reproted in the previous quarter,

Prudential Financial, Inc., is a financial services company. The company has market cap of $44.23 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 11.53 P/E ratio. The Company’s activities consists of four divisions, which together encompass seven divisions.

Another recent and important Prudential Financial Inc (NYSE:PRU) news was published by Businesswire.com which published an article titled: “AM Best Assigns Issue Credit Rating to Prudential Financial Inc.’s New Junior …” on September 14, 2017.

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