Washington Trust Bank Has Boosted Its Prudential Financial (PRU) Position; Profile of 6 Analysts Covering Morgan Advanced Materials plc (LON:MGAM)

Prudential Financial, Inc. (NYSE:PRU) Logo

Washington Trust Bank increased Prudential Financial Inc (PRU) stake by 4.89% reported in 2018Q2 SEC filing. Washington Trust Bank acquired 3,323 shares as Prudential Financial Inc (PRU)’s stock declined 2.54%. The Washington Trust Bank holds 71,209 shares with $6.66 million value, up from 67,886 last quarter. Prudential Financial Inc now has $37.60B valuation. The stock increased 1.30% or $1.17 during the last trading session, reaching $91.04. About 1.91 million shares traded. Prudential Financial, Inc. (NYSE:PRU) has declined 5.28% since November 22, 2017 and is downtrending. It has underperformed by 20.90% the S&P500. Some Historical PRU News: 02/05/2018 – PRUDENTIAL FINANCIAL 1Q ADJ OPER EPS $3.08, EST. $2.98; 30/04/2018 – Two Arkansas youth honored for volunteerism at national award ceremony in Washington, D.C; 05/04/2018 – PGIM Fixed Income announces leadership changes to its US bank loan team; 30/04/2018 – New York students Helena Zimmerman of Purchase and Hailey Richman of Long Island City named among America’s top 10 youth volunt; 30/04/2018 – Two Wisconsin youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two Hawaii youth honored for volunteerism at national award ceremony in Washington, D.C; 19/04/2018 – DJ Prudential Financial Inc, Inst Holders, 1Q 2018 (PRU); 02/05/2018 – Prudential Financial 1Q EPS $3.14; 09/05/2018 – Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking; 09/05/2018 – Hawaii Renews Agreement With Prudential Retirement to Manage $2.4 B Plan

Among 7 analysts covering Morgan Advanced Materials (LON:MGAM), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Morgan Advanced Materials had 10 analyst reports since July 2, 2018 according to SRatingsIntel. The stock has “Buy” rating by Liberum Capital on Monday, July 2. The firm has “Buy” rating by Peel Hunt given on Thursday, July 26. The stock of Morgan Advanced Materials plc (LON:MGAM) has “Overweight” rating given on Tuesday, July 17 by JP Morgan. The company was maintained on Friday, July 27 by Numis Securities. Jefferies maintained Morgan Advanced Materials plc (LON:MGAM) on Wednesday, September 5 with “Hold” rating. The stock of Morgan Advanced Materials plc (LON:MGAM) earned “Buy” rating by Peel Hunt on Friday, November 9. The firm has “Buy” rating by Peel Hunt given on Thursday, September 6. Berenberg upgraded it to “Buy” rating and GBX 420 target in Monday, August 6 report. As per Monday, July 2, the company rating was maintained by Peel Hunt. See Morgan Advanced Materials plc (LON:MGAM) latest ratings:

20/11/2018 Broker: RBC Capital Markets Rating: Sector Performer New Target: GBX 310.00 Initiates Starts
09/11/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 430.00 Maintain
06/09/2018 Broker: Peel Hunt Rating: Buy Maintain
05/09/2018 Broker: Jefferies Rating: Hold Maintain
06/08/2018 Broker: Berenberg Rating: Buy Old Target: GBX 330.00 New Target: GBX 420.00 Upgrade
27/07/2018 Broker: Numis Securities Rating: Add Old Target: GBX 375.00 New Target: GBX 395.00 Maintain
26/07/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 430.00 Maintain
17/07/2018 Broker: JP Morgan Rating: Overweight Old Target: GBX 345.00 New Target: GBX 390.00 Upgrade
02/07/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 430.00 New Target: GBX 430.00 Maintain
02/07/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 430.00 Maintain

The stock decreased 1.56% or GBX 4.2889 during the last trading session, reaching GBX 270.3111. About 23,250 shares traded. Morgan Advanced Materials plc (LON:MGAM) has 0.00% since November 22, 2017 and is . It has underperformed by 15.62% the S&P500.

Morgan Advanced Materials plc operates as an advanced materials science and engineering firm that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company has market cap of 770.80 million GBP. The firm offers insulating fibers, bricks, and monolithics; structural ceramics; electrical carbon, linear, and rotary transfer systems; seals and bearings; piezoelectric sensors and transducers; crucibles for metals processing; ballistic protection products; and ceramic cores for investment casting, as well as braze alloys. It has a 13.65 P/E ratio. It also provides high-performance products for aerospace, automotive, marine, and rail applications; components for petrochemical industry; and components used in medical monitoring and diagnostic instrumentation, as well as tools for treatment and surgery; and electronic components.

More news for Prudential Financial, Inc. (NYSE:PRU) were recently published by: Seekingalpha.com, which released: “More on Prudential Financial Q3: AUM rises to $1.41T from $1.37TY/Y” on November 07, 2018. Seekingalpha.com‘s article titled: “McDonald’s Is The Best In Show – Cramer’s Lightning Round (11/12/18)” and published on November 13, 2018 is yet another important article.

Since September 28, 2018, it had 0 buys, and 1 sale for $2.32 million activity. Sleyster Scott sold $2.32 million worth of stock.

Among 6 analysts covering Prudential Financial (NYSE:PRU), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Prudential Financial has $130 highest and $98 lowest target. $118.67’s average target is 30.35% above currents $91.04 stock price. Prudential Financial had 7 analyst reports since June 4, 2018 according to SRatingsIntel. UBS maintained the shares of PRU in report on Monday, October 8 with “Buy” rating. As per Monday, June 4, the company rating was upgraded by Goldman Sachs. Morgan Stanley maintained it with “Equal-Weight” rating and $120 target in Thursday, November 8 report. The firm has “Neutral” rating by Credit Suisse given on Friday, August 17. The company was maintained on Monday, July 9 by Barclays Capital. FBR Capital maintained it with “Buy” rating and $124 target in Tuesday, August 7 report. FBR Capital maintained it with “Buy” rating and $116 target in Monday, July 16 report.

Investors sentiment decreased to 1.06 in Q2 2018. Its down 0.10, from 1.16 in 2018Q1. It turned negative, as 63 investors sold PRU shares while 256 reduced holdings. 74 funds opened positions while 263 raised stakes. 255.67 million shares or 1.63% less from 259.90 million shares in 2018Q1 were reported. Public Sector Pension Investment Board invested in 23,719 shares or 0.02% of the stock. 140,794 are owned by Bnp Paribas Asset Mngmt Holdings Sa. Delta Capital Mngmt Limited Liability Company invested in 2.02% or 33,197 shares. Utd Svcs Automobile Association has invested 0.02% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Wesbanco State Bank has invested 0.32% in Prudential Financial, Inc. (NYSE:PRU). 5,556 were accumulated by Comerica Securities. Acadian Asset Mngmt Llc holds 0.45% in Prudential Financial, Inc. (NYSE:PRU) or 1.10 million shares. Veritable LP reported 0.03% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Da Davidson And has invested 0.02% in Prudential Financial, Inc. (NYSE:PRU). Two Sigma Limited Liability Company accumulated 31,741 shares or 0.01% of the stock. 48,992 were accumulated by Boston Advsr Limited Co. Mitsubishi Ufj Trust Bk Corporation reported 987,256 shares or 0.16% of all its holdings. Csat Invest Advisory Lp, a Michigan-based fund reported 3,419 shares. Dubuque Natl Bank Tru, a Iowa-based fund reported 332 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys invested in 0.06% or 43,966 shares.

Prudential Financial, Inc. (NYSE:PRU) Institutional Positions Chart

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