Prudential Financial Inc Stock Price Could Go Down After Today’s Bearish Options Activity

 Prudential Financial Inc Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Prudential Financial Inc (PRU) recorded an unusually high (1,929) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PRU decrease. With 1,929 contracts traded and 13604 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PRU161216P00082500 closed last at: $3.25 or 8.5% down. About 256,007 shares traded hands. Prudential Financial Inc (NYSE:PRU) has risen 16.69% since March 15, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.

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 $1.09B for 8.50 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), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $105 is the highest target while $78 is the lowest. The $88.33 average target is 4.32% above today’s ($84.67) stock price. Prudential Financial has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Bank of America downgraded the stock to “Underperform” rating in Wednesday, June 29 report. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. The stock has “Market Perform” rating given by Wells Fargo on Friday, September 23. The firm earned “Outperform” rating on Thursday, November 12 by Keefe Bruyette & Woods. Bank of America downgraded the shares of PRU in a report on Wednesday, January 20 to “Neutral” rating. As per Thursday, February 11, the company rating was maintained by Barclays Capital. The firm has “Buy” rating given on Friday, September 23 by Goldman Sachs. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 11. The firm has “Buy” rating by Deutsche Bank given on Monday, September 7. The stock of Prudential Financial Inc (NYSE:PRU) has “Mkt Perform” rating given on Tuesday, October 18 by FBR Capital.

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.03, from 1.04 in 2016Q1. The ratio worsened, 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.
Moreover, Ameriprise Financial has 0.21% invested in Prudential Financial Inc (NYSE:PRU) for 5.12M shares. Moreover, Adams Diversified Equity Fund has 0.91% invested in Prudential Financial Inc (NYSE:PRU) for 189,100 shares. Chemung Canal Trust has 3,815 shares for 0.06% of their US portfolio. Moreover, Bb&T Secs Ltd Liability Company has 0.07% invested in Prudential Financial Inc (NYSE:PRU) for 59,487 shares. Blair William And Il last reported 6,644 shares in the company. Kcg Hldg has 34,155 shares for 0.05% of their US portfolio. Boston Prns accumulated 0.13% or 1.22 million shares. Moreover, Livingston Gp Asset Mgmt Com (Operating As Southport Management) has 0% invested in Prudential Financial Inc (NYSE:PRU) for 23 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.3% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 320,604 shares. Westpac Banking Corporation, a Australia-based fund reported 32,348 shares. Td Asset Mngmt last reported 206,624 shares in the company. Moreover, Perritt Capital Mgmt has 0.11% invested in Prudential Financial Inc (NYSE:PRU) for 5,619 shares. Credit Suisse Ag holds 0.06% or 797,714 shares in its portfolio. The Ohio-based Huntington Bank has invested 0.45% in Prudential Financial Inc (NYSE:PRU). Ftb holds 0% or 7 shares in its portfolio.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 9 selling transactions for $23.42 million net activity. Shares for $7.27 million were sold by TAYLOR SHARON C on Monday, October 10. The insider FALZON ROBERT sold 33,820 shares worth $2.61M. Pelletier Stephen also sold $3.17 million worth of Prudential Financial Inc (NYSE:PRU) on Friday, September 9. Lowrey Charles F had sold 41,644 shares worth $3.33 million. Harris Timothy P also sold $555,135 worth of Prudential Financial Inc (NYSE:PRU) shares.

Prudential Financial, Inc. is a financial services company. The company has a market cap of $37.04 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 8.43 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.

Another recent and important Prudential Financial Inc (NYSE:PRU) news was published by Businesswire.com which published an article titled: “Prudential Financial releases annual sustainability report” on October 14, 2016.

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