What’s Next for Prudential Financial Inc After Today’s Bullish Options Activity?

 What's Next for Prudential Financial Inc After Today's Bullish Options Activity?

In today’s session Prudential Financial Inc (PRU) registered an unusually high (946) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious PRU increase. With 946 contracts traded and 28564 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: PRU170120C00085000 closed last at: $4.35 or 40.3% up. About 596,424 shares traded hands. Prudential Financial Inc (NYSE:PRU) has risen 18.95% since March 4, 2016 and is uptrending. It has outperformed by 10.91% the S&P500.

Analysts await Prudential Financial Inc (NYSE:PRU) to report earnings on November, 2 after the close. They expect $2.49 earnings per share, up 3.75% or $0.09 from last year’s $2.4 per share. PRU’s profit will be $1.09B for 8.48 P/E if the $2.49 EPS becomes a reality. After $1.84 actual earnings per share 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. $105 is the highest target while $78 is the lowest. The $88.33 average target is 4.57% above today’s ($84.47) stock price. Prudential Financial has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Wednesday, June 29 by Bank of America. The company was maintained on Thursday, February 11 by Barclays Capital. RBC Capital Markets maintained it with “Sector Perform” rating and $80 target price in Thursday, February 11 report. As per Monday, September 7, the company rating was upgraded by Zacks. FBR Capital maintained Prudential Financial Inc (NYSE:PRU) rating on Monday, May 16. FBR Capital has “Outperform” rating and $86 price target. Goldman Sachs upgraded the stock to “Buy” rating in Friday, September 23 report. Deutsche Bank upgraded Prudential Financial Inc (NYSE:PRU) on Monday, September 7 to “Buy” rating. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The stock has “Outperform” rating given by Keefe Bruyette & Woods on Thursday, November 12. The rating was downgraded by Bank of America to “Neutral” on Wednesday, January 20.

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 turned 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.
The Missouri-based Stifel has invested 0.03% in Prudential Financial Inc (NYSE:PRU). The New Jersey-based Redwood Ltd Liability has invested 2.75% in Prudential Financial Inc (NYSE:PRU). Hightower Ltd Liability Corp last reported 0.06% of its portfolio in the stock. Kistler last reported 0.03% of its portfolio in the stock. Moreover, Financial Ser has 0.03% invested in Prudential Financial Inc (NYSE:PRU) for 642 shares. Hilltop owns 5,324 shares or 0.12% of their US portfolio. Nordea Invest Mgmt accumulated 751,104 shares or 0.16% of the stock. Bahl And Gaynor Inc last reported 4,310 shares in the company. Monetary Group owns 975 shares or 0.03% of their US portfolio. Meritage Portfolio Mngmt accumulated 0.56% or 69,935 shares. Company Financial Bank last reported 0.02% of its portfolio in the stock. Piedmont Invest Ltd Liability Com, a North Carolina-based fund reported 179,147 shares. Moreover, M&T Commercial Bank has 0.02% invested in Prudential Financial Inc (NYSE:PRU) for 37,914 shares. Nippon Life Insur Company has 4.62% invested in the company for 2.58M shares. Moreover, Zweig has 0.04% invested in Prudential Financial Inc (NYSE:PRU) for 5,000 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 5 sales for $10.49 million net activity. Shares for $3.33M were sold by Lowrey Charles F. Pelletier Stephen sold $341,329 worth of Prudential Financial Inc (NYSE:PRU) on Monday, August 8. $2.61M worth of Prudential Financial Inc (NYSE:PRU) was sold by FALZON ROBERT on Monday, August 8. TAYLOR SHARON C had sold 13,039 shares worth $1.04 million on Friday, September 9.

Prudential Financial, Inc. is a financial services company. The company has a market cap of $37.01 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 8.41 P/E ratio. The Company’s divisions include U.S.

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.

More notable recent Prudential Financial Inc (NYSE:PRU) news were published by: Businesswire.com which released: “Prudential Financial to Host 2017 New York Investor Day” on September 30, 2016, also Prnewswire.com with their article: “Nordstrom Rack Breaks Ground At Woodmore Towne Centre” published on October 06, 2016, Businesswire.com published: “Prudential named a Top 10 Working Mother Best Company” on September 29, 2016. More interesting news about Prudential Financial Inc (NYSE:PRU) were released by: Bloomberg.com and their article: “BOJ’s Peg to Zero Means Opportunity in U.S. Debt: Prudential” published on September 21, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Prudential Financial Inc (PRU) Stands Above Friday’s Turmoil” with publication date: September 12, 2016.

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