Today's Brokerage Rating: Prudential Financial, Inc. (PRU), Akorn, Inc. (AKRX)

Lloyd Doyle
January 13, 2018

FBR & Co lowered their target price on shares of Prudential Financial from $100.00 to $86.00 and set a "mkt perform" rating on the stock in a report on Monday, November 28th.

Several brokerages have recently commented on PRU. Sandler O'Neill maintained it with "Buy" rating and $134.0 target in Wednesday, January 10 report. Societe Generale reaffirmed a hold rating and set a GBX 1,790 ($24.27) price objective on shares of Prudential in a research note on Friday, November 17th. RBC Capital Markets has "Hold" rating and $117.0 target.

Stock analysts at B. Riley lifted their FY2017 earnings per share estimates for shares of Prudential Financial in a research report issued on Thursday, according to Zacks Investment Research. The stock presently has an average rating of Buy and a consensus target price of $119.35. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Prudential has a one year low of GBX 1,524 ($20.67) and a one year high of GBX 1,984 ($26.91). Currently, the 200-day MA is sitting at 0.76, and the 50-day is 0.76. (NYSE:PRU). Cipher Cap LP reported 84,075 shares or 0.67% of all its holdings. After $1.02 actual earnings per share reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 12, 2017 and is uptrending. Aviva Plc acquired 46,272 shares as Prudential Finl Inc (PRU)'s stock declined 6.41%. Shareholders of record on Monday, November 27th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, November 24th.

Ownership at Prudential Financial, Inc. The rating was upgraded by Atlantic Securities on Thursday, January 11 to "Overweight". Zions Bancorporation boosted its holdings in shares of Prudential Financial by 44.9% during the 3rd quarter. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued. There were 53 sold out positions, on the other hand, totaling 871,733 shares.


John H. Scully increased its stake in Zillow Group Inc (Z) by 36.08% based on its latest 2017Q3 regulatory filing with the SEC. The shares were bought at an average price of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). The firm owned 40,796 shares of the company's stock after selling 904 shares during the period. The disclosure for this sale can be found here. Insiders have acquired a total of 23,600 shares of company stock valued at $43,268,288 over the last three months. Active investors may choose to use this technical indicator as a stock evaluation tool.

A number of other large investors have also recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new stake in Prudential Financial during the 2nd quarter valued at about $103,000. (NYSE:PRU). Sg Americas has 0.03% invested in Prudential Financial, Inc. The stock increased 0.12% or $0.08 during the last trading session, reaching $65.51. BlackRock Inc. increased its position in Prudential Financial by 2.9% during the second quarter. They expect $2.54 EPS, up 3.25 % or $0.08 from last year's $2.46 per share. Finally, Torray LLC bought a new position in Prudential Financial during the third quarter valued at $559,000. It also reduced its holding in Rydex Etf Trust (RYT) by 3,180 shares in the quarter, leaving it with 71,943 shares, and cut its stake in Ishares Tr (AGG).

Meanwhile, during the same quarter Prudential Financial, Inc. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider's stock worth $243,013,000 after purchasing an additional 737,458 shares during the last quarter. The hedge fund run by John H. Scully held 482,800 shares of the miscellaneous company at the end of 2017Q3, valued at $19.38M, up from 354,800 at the end of the previous reported quarter. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & global trademark and copyright laws. If you are viewing this news story on another domain, it was copied illegally and republished in violation of worldwide copyright and trademark legislation.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management.

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