Prudential Financial Inc (PRU) is Resumed by Wells Fargo to Market Perform

Prudential Financial Inc (PRU) was Resumed by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 23, 2016.

Many Wall Street Analysts have commented on Prudential Financial Inc. Prudential Financial Inc was Upgraded by Goldman to ” Buy” on Sep 23, 2016. Prudential Financial Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 2016.

On the company’s financial health, Prudential Financial Inc reported $1.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.66 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $2.50.Analysts expectations of $ 11730.58.During the same quarter in the previous year, the company posted $2.91 EPS.

Prudential Financial Inc closed down -0.56 points or -0.69% at $80.14 with 22,70,039 shares getting traded on Thursday. Post opening the session at $80.83, the shares hit an intraday low of $80.08 and an intraday high of $80.98 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 13, 2016, Sharon C Taylor (Senior Vice President) sold 13,039 shares at $80.01 per share price. According to the SEC, 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.

Prudential Financial Inc

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