Prudential Financial Inc (NYSE:PRU) Quarterly Sentiment Change Reported at 1.16

June 27, 2018 - By Andre Harris

Prudential Financial, Inc. (NYSE:PRU) Corporate Logo

“Big money” Positions

“Big money sentiment for Prudential Financial Inc (NYSE:PRU) in 2018 Q1 decreased to 1.16, revealed SEC filings. So its down -0.02, from 2017Q4’s 1.18. 364 institutional investors increased and started new equity positions, while 314 sold and reduced their equity positions in Prudential Financial Inc so the sentiment dropped. These funds own 259.90 million shares, that’s down from 267.81 million shares in 2017Q4. Funds holding Prudential Financial Inc in top 10 decreased from 14 to 9 for a decrease of 5. 44 Investors Sold All; 270 Reduced Holdings; 265 increased stakes while 99 institutional investors bought stakes.

Biggest Prudential Financial Inc Shareholders

As of 2018 Q1 Meiji Yasuda Life Insurance Co has 16.23% invested in Prudential Financial Inc. Prudential Financial Inc’s shareholder Gabalex Capital Management Llc owns 250,000 shares as of 2018 Q1. Capital Returns Management Llc reported 227,200 shares. The Connecticut-based fund Benin Management Corp have invested about 6.49% of the investment professional’s stock portfolio in Prudential Financial Inc. The Japan-based fund Nippon Life Insurance Co holds 2.56 million shares or 5.9% of their stock exposure.

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial services and products in the United States and internationally.The company has $40.11 billion market cap. The firm primarily offers life insurance, annuities, retirement-related, mutual funds, and investment management services and products.The P/E ratio is 5.33. It operates through U.S.

The stock increased 0.20% or $0.19 during the last trading session, reaching $95.5.Prudential Financial, Inc. has volume of 435,536 shares. Since June 27, 2017 PRU has declined 5.66% and is downtrending. PRU underperformed the S&P 500 by 18.23%.

On August, 1 WallStreet expected Prudential Financial, Inc. (NYSE:PRU)’s earnings report, according to RTT. Analysts expect change of 46.41 % or $0.97 from previous year’s $2.09 earnings per share compared to current’s $3.06 earnings per share. If earnings per share of $3.06 is reported the profit of PRU could reach $1.29 billion giving it 7.80 P/E. Wall Street now forecasts -0.65 % negative EPS growth despite Prudential Financial, Inc. previous quarter’s EPS of $3.08.

Conning Inc holds 11,817 shs or 0.04% of its capital. Fdx holds 0.06% of its capital in Prudential Financial, Inc. (NYSE:PRU) for 17,962 shs. Brinker Capital Incorporated reported 0.03% of its capital in Prudential Financial, Inc. (NYSE:PRU). Mirae Asset Glob Limited holds 68,513 shs or 0.09% of its capital. Baldwin Brothers Ma stated it has 184 shs or 0% of all its holdings. Bankshares Of Ny Mellon owns 4.69 million shs. Riggs Asset Managment Incorporated has 0.01% invested in Prudential Financial, Inc. (NYSE:PRU) for 138 shs. Parkside Bank & Tru owns 769 shs for 0.03% of their capital. Moreover, Df Dent & Inc has 0.07% invested in Prudential Financial, Inc. (NYSE:PRU) for 28,788 shs. Greenleaf Tru has 2,687 shs. The United Kingdom-based Old Mutual Invsts (Uk) Limited has invested 0.01% in Prudential Financial, Inc. (NYSE:PRU). Security Bancshares Of So Dak invested 0.54% of its capital in Prudential Financial, Inc. (NYSE:PRU). Eagle Global Advsr Limited Company holds 0.01% of its capital in Prudential Financial, Inc. (NYSE:PRU) for 2,540 shs. Lakeview Llc holds 1,941 shs. Hl Fincl Services Limited reported 4,852 shs or 0.01% of all its holdings.

Prudential Financial, Inc. had 1 insider sale and 0 insider buys since February 20, 2018. This’s net activity of $4.43 million.

Prudential Financial, Inc. (NYSE:PRU) Ratings Coverage

In total 13 analysts cover Prudential Financial Inc (NYSE:PRU). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. (NYSE:PRU) has 69% bullish analysts. With $140.0 highest and $102 lowest target price, Prudential Financial Inc has $121.90 average target price or 27.64% above the current ($95.5) price. 15 are the (NYSE:PRU)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Monday, March 26 the stock of Prudential Financial, Inc. (NYSE:PRU) earned “Buy” rating by Bank of America. On Thursday, April 5 the firm has “Equal-Weight” rating by Morgan Stanley given. On Wednesday, April 11 Keefe Bruyette & Woods maintained Prudential Financial, Inc. (NYSE:PRU) with “Buy” rating. On Monday, June 4 the rating was upgraded by Goldman Sachs to “Buy”. On Friday, March 2 the rating was upgraded by UBS to “Buy”. On Friday, February 9 the stock of Prudential Financial, Inc. (NYSE:PRU) earned “Hold” rating by Deutsche Bank. The stock rating was maintained by Sandler O’Neill with “Buy” on Wednesday, January 10. On Monday, February 12 the rating was upgraded by RBC Capital Markets to “Buy”. On Friday, May 4 the company was maintained by Deutsche Bank. On Thursday, January 11 the firm has “Overweight” rating by Atlantic Securities given.

A couple more Prudential Financial, Inc. (NYSE:PRU) news were brought out by: Businesswire.com which released on June 26, 2018 “Gen X gig economy workers struggling to gain financial wellness, Prudential study finds”, also Seekingalpha.com on June 04, 2018 brought out “Prudential raised, MetLife cut, AXA Equitable initiated at ‘buy’ by Goldman”, the next Benzinga.com is “Goldman’s Insurance Pair Trade: Prudential Financial Upgraded, Metlife Downgraded” on June 04, 2018. Bizjournals.com has article titled “Prudential grabs $250 million stake in CityView’s 700-unit Bay Area apartment portfolio”.

Prudential Financial, Inc. (NYSE:PRU) Institutional Investors Chart

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