EPS for Prudential Financial Inc (PRU) Expected At $2.71

October 13, 2017 - By Vivian Currie

 EPS for Prudential Financial Inc (PRU) Expected At $2.71
Investors sentiment increased to 1.2 in Q2 2017. Its up 0.06, from 1.14 in 2017Q1. It increased, as 33 investors sold Prudential Financial Inc shares while 254 reduced holdings. 74 funds opened positions while 270 raised stakes. 267.93 million shares or 1.25% more from 264.62 million shares in 2017Q1 were reported.
Guardian Cap L P stated it has 0.01% in Prudential Financial Inc (NYSE:PRU). Choate Investment stated it has 3,311 shares or 0% of all its holdings. Pineno Levin Ford Asset Management has invested 0.79% in Prudential Financial Inc (NYSE:PRU). Leuthold Ltd Co stated it has 0.81% of its portfolio in Prudential Financial Inc (NYSE:PRU). Strs Ohio holds 330,416 shares or 0.16% of its portfolio. Amer National Registered Advisor, a Texas-based fund reported 23,780 shares. Connor Clark And Lunn Ltd holds 0.09% or 123,575 shares in its portfolio. Moreover, Commerce Of Vermont has 0.02% invested in Prudential Financial Inc (NYSE:PRU). Moors & Cabot Inc holds 0.03% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 1,884 shares. Sandy Spring National Bank owns 133 shares. Olstein Cap Mngmt Lp holds 52,000 shares. Captrust Financial Advsr holds 14,284 shares. 3,300 were accumulated by Systematic Financial Mgmt Limited Partnership. Shell Asset Mngmt Com invested in 0.36% or 134,394 shares. Perkins Coie Trust Co holds 476 shares.

Since May 8, 2017, it had 0 insider buys, and 1 insider sale for $24.08 million activity. $24.08 million worth of Prudential Financial Inc (NYSE:PRU) shares were sold by Lowrey Charles F.

Wall Street await Prudential Financial Inc (NYSE:PRU) to release earnings on November, 1. Analysts forecast EPS of $2.71, up exactly $0.05 or 1.88 % from 2014’s $2.66 EPS. The expected PRU’s profit could reach $1.16 billion giving the stock 10.08 P/E in the case that $2.71 earnings per share is reported. After posting $2.09 EPS for the previous quarter, Prudential Financial Inc’s analysts now forecast 29.67 % EPS growth. About 1.34M shares traded. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since October 13, 2016 and is uptrending. It has outperformed by 16.96% the S&P500.

Prudential Financial Inc (NYSE:PRU) Ratings Coverage

Among 13 analysts covering Prudential Financial (NYSE:PRU), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Prudential Financial had 36 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, January 20 by Bank of America. Morgan Stanley maintained the shares of PRU in report on Thursday, October 5 with “Equal-Weight” rating. The firm has “Hold” rating given on Friday, May 5 by Wells Fargo. On Tuesday, October 10 the stock rating was upgraded by FBR Capital to “Buy”. The stock has “Neutral” rating by Citigroup on Thursday, January 26. The stock has “Hold” rating by RBC Capital Markets on Monday, June 26. The stock of Prudential Financial Inc (NYSE:PRU) has “Hold” rating given on Friday, April 28 by Credit Suisse. As per Monday, September 7, the company rating was upgraded by Deutsche Bank. RBC Capital Markets maintained Prudential Financial Inc (NYSE:PRU) rating on Tuesday, September 5. RBC Capital Markets has “Hold” rating and $117.0 target. The firm earned “Hold” rating on Monday, July 31 by RBC Capital Markets.

Prudential Financial, Inc., is a financial services company. The company has market cap of $46.96 billion. The Company, through its subsidiaries, offers a range of financial services and products, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. It has a 12.25 P/E ratio. The Company’s activities consists of four divisions, which together encompass seven divisions.

More important recent Prudential Financial Inc (NYSE:PRU) news were published by: Reuters.com which released: “CORRECTED-MOVES-Prudential’s QMA names Adam Broder head of global distribution …” on October 10, 2017, also Prweb.com published article titled: “Prudential Financial, Inc Joins Ellevate Network in Support of Opportunities …”, Pionline.com published: “Prudential wins appeal of 401(k) fee lawsuit” on October 12, 2017. More interesting news about Prudential Financial Inc (NYSE:PRU) was released by: Bloomberg.com and their article: “Prudential’s PGIM Is Exploring Entering ETF Marketplace” with publication date: September 22, 2017.

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