Wednesday, December 2, 2020

Prudential Financial Inc. [PRU] is -27.54% lower this YTD. Is it still time to buy?

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Prudential Financial Inc. [NYSE: PRU] price surged by 2.69 percent to reach at $1.78. The company report on October 14, 2020 that PGIM: Plan sponsors look to OCIO managers for institutional investment expertise.

OCIO adoption and service model still evolving .


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New research from PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU), sheds light on the use of outsourced chief investment officers (OCIOs) by defined contribution (DC) plan sponsors. While OCIOs have historically been tapped by defined benefit (DB) plan sponsors and endowments, there is a growing trend of DC plan sponsors turning to OCIO managers. PGIM’s research found that plan sponsors’ top reasons for using an OCIO manager were:.

A sum of 1390949 shares traded at recent session while its average daily volume was at 2.21M shares. Prudential Financial Inc. shares reached a high of $68.15 and dropped to a low of $65.66 until finishing in the latest session at $67.92.

The one-year PRU stock forecast points to a potential upside of 4.94. The average equity rating for PRU stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Prudential Financial Inc. [PRU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRU shares is $71.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRU stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for Prudential Financial Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 01, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $100 to $68. The new note on the price target was released on March 20, 2020, representing the official price target for Prudential Financial Inc. stock. Previously, the target price had yet another drop from $88 to $86, while Citigroup kept a Sell rating on PRU stock.

The Average True Range (ATR) for Prudential Financial Inc. is set at 2.00, with the Price to Sales ratio for PRU stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 53.33. Price to Free Cash Flow for PRU in the course of the last twelve months was 1.17.

PRU Stock Performance Analysis:

Prudential Financial Inc. [PRU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.09. With this latest performance, PRU shares gained by 9.62% in over the last four-week period, additionally plugging by 21.76% over the last 6 months – not to mention a drop of -25.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRU stock in for the last two-week period is set at 55.91, with the RSI for the last a single of trading hit 60.81, and the three-weeks RSI is set at 54.30 for Prudential Financial Inc. [PRU]. The present Moving Average for the last 50 days of trading for this stock 67.08, while it was recorded at 66.43 for the last single week of trading, and 67.14 for the last 200 days.

Insight into Prudential Financial Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Prudential Financial Inc. [PRU] shares currently have an operating margin of +7.85. Prudential Financial Inc.’s Net Margin is presently recorded at +6.39.

Return on Total Capital for PRU is now 5.81, given the latest momentum, and Return on Invested Capital for the company is 5.52. Return on Equity for this stock inclined to 7.41, with Return on Assets sitting at 0.48. When it comes to the capital structure of this company, Prudential Financial Inc. [PRU] has a Total Debt to Total Equity ratio set at 49.96. Additionally, PRU Total Debt to Total Capital is recorded at 33.32, with Total Debt to Total Assets ending up at 3.52. Long-Term Debt to Equity for the company is recorded at 31.56, with the Long-Term Debt to Total Capital now at 21.05.

Reflecting on the efficiency of the workforce at the company, Prudential Financial Inc. [PRU] managed to generate an average of $80,371 per employee.

PRU Stock EPS

With the latest financial reports released by the company, Prudential Financial Inc. posted 3.22/share EPS, while the average EPS was predicted by analysts to be reported at 3.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prudential Financial Inc. go to 3.76%.

Prudential Financial Inc. [PRU] Insider Position Details

There are presently around $15,909 million, or 60.40% of PRU stock, in the hands of institutional investors. The top three institutional holders of PRU stocks are: BLACKROCK INC. with ownership of 37,244,891, which is approximately 10.612% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 32,809,551 shares of the stock with an approximate value of $2.23 billion in PRU stocks shares; and STATE STREET CORP, currently with $1.23 billion in PRU stock with ownership of nearly -0.195% of the company’s market capitalization.

Positions in Prudential Financial Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 401 institutional holders increased their position in Prudential Financial Inc. [NYSE:PRU] by around 17,874,519 shares. Additionally, 436 investors decreased positions by around 30,155,070 shares, while 141 investors held positions by with 186,204,333 shares. The mentioned changes placed institutional holdings at 234,233,922 shares, according to the latest SEC report filing. PRU stock had 82 new institutional investments in for a total of 1,107,261 shares, while 91 institutional investors sold positions of 1,730,700 shares during the same period.

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