Could Prudential Financial Inc Decline After Today’s Tip From Option Traders?

 Could Prudential Financial Inc Decline After Today's Tip From Option Traders?

In today’s session Prudential Financial Inc (PRU) registered an unusually high (682) 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 682 contracts traded and 36914 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PRU161118C00085000 closed last at: $3.05 or 79.4% up. About 816,143 shares traded hands. Prudential Financial Inc (NYSE:PRU) has risen 20.49% since April 5, 2016 and is uptrending. It has outperformed by 18.54% the S&P500.

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 0.12% above today’s ($88.22) stock price. Prudential Financial has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Friday, October 7, the company rating was initiated by Credit Suisse. The stock of Prudential Financial Inc (NYSE:PRU) earned “Buy” rating by Zacks on Monday, September 7. The firm earned “Sector Perform” rating on Thursday, February 11 by RBC Capital Markets. The stock has “Buy” rating given by Deutsche Bank on Monday, September 7. Bank of America downgraded the stock to “Neutral” rating in Wednesday, January 20 report. The stock has “Buy” rating given by Goldman Sachs on Friday, September 23. On Friday, September 23 the stock rating was reinitiated by Wells Fargo with “Market Perform”. The stock of Prudential Financial Inc (NYSE:PRU) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, November 12. FBR Capital maintained Prudential Financial Inc (NYSE:PRU) on Monday, May 16 with “Outperform” rating. The firm has “Overweight” rating given on Thursday, February 11 by Barclays Capital.

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 fall, 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.
Wesbanco Commercial Bank holds 0.31% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 73,169 shares. Lpl Financial Lc accumulated 0.02% or 30,388 shares. Alyeska Inv Group Limited Partnership has invested 0.09% of its portfolio in Prudential Financial Inc (NYSE:PRU). Principal Finance Group Incorporated has invested 0.07% of its portfolio in Prudential Financial Inc (NYSE:PRU). Pggm Invests has invested 0.12% of its portfolio in Prudential Financial Inc (NYSE:PRU). The Texas-based Afam Inc has invested 1.08% in Prudential Financial Inc (NYSE:PRU). Connor Clark And Lunn Limited has 332,400 shares for 0.17% of their US portfolio. Moreover, Estabrook Mngmt has 0% invested in Prudential Financial Inc (NYSE:PRU) for 3,295 shares. Dean Inv Assocs Limited Liability last reported 8,679 shares in the company. Goldman Sachs Group Inc Incorporated last reported 0.06% of its portfolio in the stock. Allianz Asset Management Ag has invested 0.09% of its portfolio in Prudential Financial Inc (NYSE:PRU). Nelson Van Denburg & Campbell Wealth Mngmt Gp Lc has 79 shares for 0% of their US portfolio. Barclays Plc last reported 393,602 shares in the company. Moreover, Lau Assoc Ltd Liability has 0.69% invested in Prudential Financial Inc (NYSE:PRU) for 9,200 shares. Lowe Brockenbrough holds 0.04% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 3,289 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 10 selling transactions for $24.22 million net activity. Shares for $2.61 million were sold by FALZON ROBERT. Shares for $1.04M were sold by TAYLOR SHARON C. The insider Lowrey Charles F sold $3.33 million. Pelletier Stephen sold 39,617 shares worth $3.17M. The insider Sleyster Scott sold 9,379 shares worth $797,731. Another trade for 6,531 shares valued at $555,135 was made by Harris Timothy P on Wednesday, October 5.

Prudential Financial, Inc. is a financial services company. The company has a market cap of $38.55 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 8.78 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 news for Prudential Financial Inc (NYSE:PRU) were recently published by: Businesswire.com, which released: “Prudential Financial, Inc. Announces Third Quarter 2016 Results” on November 02, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Prudential Financial Inc, 50.0% Follow-Through …” and published on November 02, 2016 is yet another important article.

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