Economy

Market Scope: SuperTrend Below Price for Prudential Plc (PRU.L)

Keefe, Bruyette & Woods now has a $121.00 target price on the financial services provider's stock. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.61).

Several other hedge funds also recently bought and sold shares of PRU.

Analysts expect Prudential Financial Inc (NYSE:PRU) to report $2.71 EPS on November, 1.They anticipate $0.05 EPS change or 1.88 % from last quarter's $2.66 EPS. BidaskClub lowered Prudential Financial from a hold rating to a sell rating in a research note on Tuesday, June 27th. Wells Fargo & Co restated a hold rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Wells Fargo reinitiated the shares of PRU in report on Friday, September 23 with "Market Perform" rating.

Among 33 analysts covering Kroger (NYSE:KR), 13 have Buy rating, 0 Sell and 20 Hold. The stock has "Hold" rating by RBC Capital Markets on Friday, October 6. They issued a "market perform" rating on the stock.

Shares of Prudential Financial Inc. 2,589,427 shares of the company's stock traded hands. PRU's profit will be $1.17B for 10.21 P/E if the $2.71 EPS becomes a reality. The firm has a 50 day moving average price of $105.53 and a 200-day moving average price of $106.78. Prudential Financial has a 12 month low of $82.45 and a 12 month high of $115.26. Panagora Asset reported 0.21% in Prudential Financial Inc (NYSE:PRU).

07/18/2014 - Prudential Financial, Inc. had its "neutral" rating reiterated by analysts at Macquarie. Prudential Financial had a net margin of 8.92% and a return on equity of 7.73%. During the same quarter in the previous year, the business earned $1.84 EPS. Credit Suisse Group AG started coverage on shares of Prudential Financial in a report on Friday, October 7th. New York-based Gideon Advisors has invested 0.39% in Prudential Financial Inc (NYSE:PRU). If you are viewing this article on another website, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark law.

09/23/2016 - Prudential Financial, Inc. was upgraded to "buy" by analysts at Goldman Sachs.

Another recent and important Prudential Financial Inc (NYSE:PRU) news was published by Bloomberg.com which published an article titled: "Prudential's PGIM Is Exploring Entering ETF Marketplace" on September 22, 2017. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00.

Chilton Investment Co Llc decreased Sherwin Williams Co (NYSE:SHW) stake by 21,945 shares to 466,374 valued at $163.68M in 2017Q2. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. They now have a Dollars 102 price target on the stock. The disclosure for this sale can be found here. Old Mutual Customised Solutions (Proprietary) Ltd owns 19,600 shares for 0.31% of their portfolio. It is positive, as 33 investors sold PRU shares while 254 reduced holdings. Fieldpoint Private Securities LLC purchased a new position in Prudential Financial during the second quarter valued at approximately $103,000. Gyroscope Capital Management Group LLC grew its holdings in shares of Prudential Financial by 7.2% in the 2nd quarter. Finally, Seven Eight Capital LLC raised its position in Prudential Financial by 757.0% in the first quarter. Following the sale, the insider now directly owns 10,924 shares of the company's stock, valued at $1,225,454.32. The company's performance against the industry raises concerns over its competitive position as its earnings contracted amid a growing industry. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider's stock valued at $177,000 after acquiring an additional 5 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Prudential Financial by 128.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider's stock valued at $243,013,000 after buying an additional 737,458 shares during the period. Institutional investors own 64.41% of the company's stock.



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