Wells Fargo Assumes Prudential Financial Inc to Market Perform

Brokerage firm Wells Fargo Assumes its rating on Prudential Financial Inc(NYSE:PRU). The shares have been rated Market Perform. The rating by Wells Fargo was issued on Sep 23, 2016.

In a different note, On Sep 23, 2016, Goldman Sachs said it Upgrades its rating on Prudential Financial Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Prudential Financial Inc. In the research note, the firm Lowers the price-target to $83.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Prudential Financial Inc. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 29, 2016, Bank of America said it Downgrades its rating on Prudential Financial Inc. The shares have been rated ‘Underperform’ by the firm.

Prudential Financial Inc (PRU) made into the market gainers list on Tuesdays trading session with the shares advancing 1.57% or 1.25 points. Due to strong positive momentum, the stock ended at $80.66, which is also near the day’s high of $80.71. The stock began the session at $78.87 and the volume stood at 27,03,984 shares. The 52-week high of the shares is $88.77 and the 52 week low is $57.19. The company has a current market capitalization of $35,248 M and it has 43,70,00,000 shares in outstanding.

Prudential Financial Inc(PRU) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $11.81B. Analysts had an estimated revenue of $11.74B. Earnings per share were $1.84. Analysts had estimated an EPS of $2.50.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, Sharon C Taylor (Senior Vice President) sold 13,039 shares at $80.01 per share price.Also, On Sep 13, 2016, Stephen Pelletier (Executive Vice President) sold 39,617 shares at $80.00 per share price.On Sep 13, 2016, Charles F Lowrey (Executive Vice President) sold 41,644 shares at $80.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Prudential Financial Inc. is a financial services company. The Company through its subsidiaries and affiliates provides a arrange of financial products and services including life insurance annuities retirement-related services mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions containing six segments and the Company’s corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management U.S. Individual Life and Group Insurance and International Insurance. The Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

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