In today’s session Prudential Financial Inc (PRU) registered an unusually high (2,579) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PRU increase. With 2,579 contracts traded and 16574 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PRU161118C00085000 closed last at: $1.75 or 48.3% up. About 890,009 shares traded hands. Prudential Financial Inc (NYSE:PRU) has risen 17.72% since March 28, 2016 and is uptrending. It has outperformed by 13.01% 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 $1.10 billion for 8.58 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. Prudential Financial has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 11. Deutsche Bank upgraded the stock to “Buy” rating in Monday, September 7 report. FBR Capital downgraded the shares of PRU in a report on Tuesday, October 18 to “Mkt Perform” rating. Goldman Sachs upgraded the stock to “Buy” rating in Friday, September 23 report. Keefe Bruyette & Woods maintained it with “Outperform” rating and $101 target price in Thursday, November 12 report. The rating was upgraded by Zacks to “Buy” on Monday, September 7. The stock of Prudential Financial Inc (NYSE:PRU) earned “Overweight” rating by Barclays Capital on Thursday, February 11. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. The stock has “Market Perform” rating given by Wells Fargo on Friday, September 23. The stock of Prudential Financial Inc (NYSE:PRU) earned “Neutral” rating by Bank of America 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 Q2 2016. Its down 0.03, from 1.04 in 2016Q1. The ratio dropped, 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.
Comml Bank Of The West owns 123,930 shares or 1.26% of their US portfolio. Glg Limited Liability Corporation holds 0.07% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 13,214 shares. Moreover, Qci Asset Mngmt Ny has 0% invested in Prudential Financial Inc (NYSE:PRU) for 136 shares. Laurion Management L P has 0.03% invested in the company for 23,678 shares. Bluemountain Cap Mgmt Limited Liability Company last reported 1,394 shares in the company. Herndon Mgmt Limited Liability last reported 0% of its portfolio in the stock. Clearbridge Invests Ltd Liability last reported 17,703 shares in the company. Rafferty Asset Management Llc reported 47,740 shares or 0.23% of all its holdings. Fil accumulated 0.06% or 268,888 shares. Moreover, Calamos Limited Liability has 0.05% invested in Prudential Financial Inc (NYSE:PRU) for 102,264 shares. D E Shaw And Inc has invested 0% of its portfolio in Prudential Financial Inc (NYSE:PRU). Schroder Inv Management Group has invested 0.03% of its portfolio in Prudential Financial Inc (NYSE:PRU). Moreover, Fukoku Mutual Life Insur Co has 0.03% invested in Prudential Financial Inc (NYSE:PRU) for 2,400 shares. Pineno Levin And Ford Asset last reported 15,448 shares in the company. Twin Cap Mngmt Inc, a Pennsylvania-based fund reported 59,450 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 10 selling transactions for $24.22 million net activity. $555,135 worth of Prudential Financial Inc (NYSE:PRU) was sold by Harris Timothy P. 39,617 shares were sold by Pelletier Stephen, worth $3.17M on Friday, September 9. $797,731 worth of shares were sold by Sleyster Scott on Friday, October 14. FALZON ROBERT sold $2.61 million worth of Prudential Financial Inc (NYSE:PRU) on Monday, August 8. $3.33M worth of shares were sold by Lowrey Charles F on Friday, September 9. TAYLOR SHARON C sold 85,490 shares worth $7.27M.
Prudential Financial, Inc. is a financial services company. The company has a market cap of $37.72 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 8.5 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.
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