Economy

Prudential Financial, Inc. (NYSE:PRU) Traded Significantly Above Its 50 Day Average

The stock rose 0.71% or $0.79 reaching $112. About 480,468 shares traded. It is down 39.51% since July 12, 2016 and is uptrending. It has underperformed by 31.19% the S&P500.

Analysts await Prudential Financial Inc (NYSE:PRU) to report earnings on August, 2.

Ratings analysis reveals 46% of Prudential Financial's analysts are positive. The rating was upgraded by Deutsche Bank on Monday, September 7 to "Buy".

Prudential Financial, Inc. has a 52-week low of $70.00 and a 52-week high of $114.55. Wells Fargo maintained the shares of PRU in report on Friday, May 5 with "Hold" rating. Goldman Sachs upgraded the stock to "Buy" rating in Friday, September 23 report. The firm has "Mkt Perform" rating given on Monday, November 28 by FBR Capital. Quadrant Capital Group LLC increased its stake in shares of Prudential Financial by 11.1% in the first quarter.

On December 14 the company was set at "Equal-Weight" according to a Morgan Stanley report which is down from the previous " rating. Its up 0.32, from 0.85 in 2016Q3. Rampart Invest Mngmt Ltd owns 8,928 shares. Of Vermont reported 1,516 shares stake. Independent Order Of Foresters reported 4,868 shares. Cs Mckee Ltd Partnership reported 1.84% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). The SI to Ctripcom International Limited Ads 1's float is 7.81%. (NASDAQ:PFIN). Federated Pa accumulated 315 shares. Blackrock Mgmt Limited Liability Co reported 336 shares.

Pt Asset Management, LLC divested its ownership by shedding 5,000 shares a decrease of 15.2%. As of the end of the quarter Gateway Investment Advisers LLC had disposed of a total of 195 shares trimming its stake by 0.6%. It improved, as 7 investors sold IBCP shares while 23 reduced holdings. Shareholders of record on Tuesday, May 23rd were paid a dividend of $0.75 per share. Commonwealth Bank Of Aus has 641,186 shares. 33,743 shares valued at $3.81M were sold by Koster Barbara on Thursday, March 2. Edgestream Lp accumulated 6,538 shares.

Since February 18, 2017, it had 0 insider buys, and 20 insider sales for $115.25 million activity. The insider now directly owns 28,576 shares worth $3,161,934. $674,135 worth of stock was sold by Harris Timothy P on Friday, February 17. Paz George bought 500 shares worth $55,365. Therefore 42% are positive. Wells Fargo reinitiated the shares of PRU in report on Friday, September 23 with "Market Perform" rating. M Partners maintained Wal-Mart Stores Inc (NYSE:WMT) on Wednesday, November 18 with "Neutral" rating. Independent Research downgraded the stock to "Sell" rating in Thursday, May 12 report. The firm earned "Neutral" rating on Wednesday, January 20 by Bank of America. The third largest holder is State Street Corp, which now holds $2.25 billion worth of this stock and that ownership represents almost 4.73% of its market capitalization. The stock has "Outperform" rating by FBR Capital on Monday, May 16. About 539,187 shares traded. It has outperformed by 16.96% the S&P500. Keefe Bruyette & Woods maintained Prudential Financial Inc (NYSE:PRU) rating on Thursday, November 12.

In other Prudential Financial news, insider Charles F. Lowrey sold 222,857 shares of the business's stock in a transaction dated Monday, May 8th.

02/10/2017 - Prudential Financial, Inc. was downgraded to "neutral" by analysts at Atlantic Equities. 450 shares were bought by TODMAN MICHAEL, worth $50,000 on Tuesday, February 21. This represents a $3.00 annualized dividend and a dividend yield of 2.70%. (PRU) opened at 111.21 on Thursday.

Prudential Financial Inc (PRU) formed triangle with $115.29 target or 3.00% above today's $111.93 share price. The corporation has a valuation of $47.71 B, a PE book ratio of 11.28 along with a stock beta of 1.49. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company's operations consists of four divisions, which together encompass seven segments.

Investors sentiment increased to 1.17 in 2016 Q4.

Want to see what other hedge funds are holding PRU? The investment managers in our partner's database now have: 258.13 million shares, up from 253.26 million shares in 2016Q3. Axa has invested 0.05% in Prudential Financial Inc (NYSE:PRU). Farmers And Merchants Invs holds 0.01% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 1,186 shares. Metropolitan Life Insur holds 0.16% or 217,746 shares in its portfolio.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Parkside National Bank And Trust owns 585 shares. Prudential Finance owns 6.74 million shares or 1.25% of their USA portfolio. The Massachusetts-based Winslow Evans And Crocker has invested 0% in Prudential Financial Inc (NYSE:PRU). State Board Of Administration Of Florida Retirement stated it has 591,060 shares. Newman Dignan And Sheerar Incorporated reported 0.47% of its portfolio in Prudential Financial Inc (NYSE:PRU). Bailard holds 50,924 shares or 0.48% of its portfolio. Bancorp Of America Corporation De has invested 0% in Independent Bank Corporation (MI) (NASDAQ:IBCP).



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