Stock Analysis:Prudential Financial (NYSE:PRU) Target Increased
In a comprehensive report finalized by Raymond James on Friday morning, Prudential Financial (NYSE:PRU) had its Estimated Target Price boosted to $105.00. The firm currently has a solid “Strong Buy” rating on shares.
From a total of 16 analysts covering Prudential Financial (NYSE:PRU) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $107 while the lowest target price is $87. The mean of all analyst targets is $97.75 with a 16.64% above today’s ($81.45) stock price. Prudential Financial was the topic of 6 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Keefe Bruyette & Woods maintained shares on November 12 with “Outperform” rating.
Approximately 1.24 million shares of stock traded hands. Prudential Financial Inc (NYSE:PRU) has declined 2.09% since May 8, 2015 and is downtrending. It has outperformed by 0.93% the S&P500.
The overall sentiment of institutions has decreased to 1.16 in Q2 2015. Its down 0.06, from 1.22 in 2015Q2. The ratio turned negative, as 70 institutions have sold all the shares of Prudential Financial Inc that they owned while 233 funds have taken shares off the table. 58 funds have purchased shares for the first time while 292 added to their positions. These institutions now hold 238.58 million shares or 12.65% less than the 273.13 million shares they owned in 2015Q2.
The Fund Meiji Yasuda Life Insurance Co currently is holding shares equating to 13.13% of its total portfolio in Prudential Financial Inc representing a total of 1.03 million shares. Another fund,Prosiris Capital Management Lp, is holding a total of 189,200 shares equating to 7.98% of their holdings. Additionally, Capital Returns Management Llc has a 190,600 share stake in Prudential Financial Inc which represents 6.11% of their total portfolio. The Fund, Nippon Life Insurance Co, based out of Japan, has also built up a stake in the stock, which represents a total of 5.21% of their total portfolio. Finally Lumbard & Kellner Llc, a fund which is based in the state of New Hampshire reported a total holdings of 71,638 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Prudential Financial Inc have witnessed 0 insider purchases, and a total of 2 selling transactions equating to a net activity of approximately $1.09 million . Pelletier Stephen sold 10,690 shares worth approximately $950,662. Lambert Richard F sold 1,561 shares worth approximately $142,348. Blount Susan L sold 26,465 shares worth approximately $2.38M. Axel Robert sold 996 shares worth approximately $88,026. The company insider Falzon Robert sold 3,681 shares worth $318,075.
Prudential Financial, Inc. is a financial services company. The company has a market cap of $37.42 billion. The Company, through its subsidiaries and affiliates, provides a arrange of financial services and products, including life insurance, annuities, retirement-related services, mutual funds and investment management. It has 11.11 P/E ratio. The Firm has organized its principal activities into the Financial Services Businesses and the Closed Block Business.
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.” Get a free copy of the Zacks research report on Prudential Financial Inc (PRU).