Investors Sell Shares of Prudential Financial Inc. (PRU) on Strength (PRU)
Investors sold shares of Prudential Financial Inc. (NYSE:PRU) on strength during trading hours on Monday. $19.92 million flowed into the stock on the tick-up and $39.54 million flowed out of the stock on the tick-down, for a money net flow of $19.62 million out of the stock. Of all stocks tracked, Prudential Financial had the 0th highest net out-flow for the day. Prudential Financial traded up $0.29 for the day and closed at $75.40
PRU has been the topic of several research reports. Sandler O’Neill reaffirmed a “buy” rating on shares of Prudential Financial in a report on Friday, April 1st. Zacks Investment Research lowered shares of Prudential Financial from a “hold” rating to a “sell” rating in a report on Friday, April 1st. Vetr raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating and set a $87.00 target price on the stock in a report on Monday, May 2nd. FBR & Co boosted their target price on shares of Prudential Financial from $80.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, May 16th. Finally, Bank of America Corp. lowered shares of Prudential Financial from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.47.
The firm has a market cap of $33.33 billion and a PE ratio of 7.03. The firm has a 50-day moving average of $73.30 and a 200-day moving average of $72.63.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by $0.19. The business had revenue of $11.93 billion for the quarter, compared to analyst estimates of $11.19 billion. Prudential Financial’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.79 EPS. Analysts forecast that Prudential Financial Inc. will post $9.52 EPS for the current year.
Several hedge funds and institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Prudential Financial by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,336 shares of the company’s stock valued at $2,388,000 after buying an additional 359 shares in the last quarter. BOKF NA boosted its position in shares of Prudential Financial by 0.8% in the fourth quarter. BOKF NA now owns 77,829 shares of the company’s stock valued at $6,336,000 after buying an additional 633 shares in the last quarter. Gratus Capital LLC boosted its position in shares of Prudential Financial by 23.4% in the fourth quarter. Gratus Capital LLC now owns 70,320 shares of the company’s stock valued at $5,725,000 after buying an additional 13,319 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Prudential Financial by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 715,881 shares of the company’s stock valued at $58,824,000 after buying an additional 2,932 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC purchased a new position in shares of Prudential Financial during the fourth quarter valued at about $2,293,000.
Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.
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