Abner Herrman & Brock Cut By $3.51 Million Its Prudential Financial (PRU) Position; Public Employees Retirement System Of Ohio Lowered Synchrony Financial (SYF) Stake

March 20, 2018 - By John Hoffman

Abner Herrman & Brock Llc decreased Prudential Financial Inc (PRU) stake by 86.59% reported in 2017Q3 SEC filing. Abner Herrman & Brock Llc sold 33,069 shares as Prudential Financial Inc (PRU)’s stock declined 6.41%. The Abner Herrman & Brock Llc holds 5,122 shares with $545,000 value, down from 38,191 last quarter. Prudential Financial Inc now has $45.46B valuation. The stock decreased 0.86% or $0.93 during the last trading session, reaching $107.72. About 2.08 million shares traded. Prudential Financial, Inc. (NYSE:PRU) has risen 33.66% since March 20, 2017 and is uptrending. It has outperformed by 16.96% the S&P500.

Public Employees Retirement System Of Ohio decreased Synchrony Financial (SYF) stake by 5.03% reported in 2017Q3 SEC filing. Public Employees Retirement System Of Ohio sold 17,740 shares as Synchrony Financial (SYF)’s stock declined 26.83%. The Public Employees Retirement System Of Ohio holds 335,237 shares with $10.41 million value, down from 352,977 last quarter. Synchrony Financial now has $26.81 billion valuation. The stock increased 0.17% or $0.06 during the last trading session, reaching $35.26. About 7.07M shares traded or 7.99% up from the average. Synchrony Financial (NYSE:SYF) has declined 10.35% since March 20, 2017 and is downtrending. It has underperformed by 27.05% the S&P500.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.18, from 1 in 2017Q2. It increased, as 43 investors sold PRU shares while 274 reduced holdings. 73 funds opened positions while 245 raised stakes. 265.93 million shares or 0.75% less from 267.93 million shares in 2017Q2 were reported. Wespac Advsr Ltd Liability Corporation reported 15,147 shares stake. 287,298 were accumulated by Dana Inv. Convergence Investment Prns Limited Com has 0.24% invested in Prudential Financial, Inc. (NYSE:PRU) for 15,866 shares. Eagle Asset holds 35,467 shares. Sei Company holds 0.03% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 82,017 shares. Marshall Wace Llp owns 2,036 shares for 0.01% of their portfolio. Jacobus Wealth Mgmt holds 1,180 shares or 0.03% of its portfolio. King Luther Cap Mngmt Corp accumulated 292,340 shares. Jacobs Levy Equity Inc holds 0.53% in Prudential Financial, Inc. (NYSE:PRU) or 255,607 shares. The Texas-based Dimensional Fund Limited Partnership has invested 0.14% in Prudential Financial, Inc. (NYSE:PRU). Moreover, Ascend Cap Limited Liability Corporation has 2.42% invested in Prudential Financial, Inc. (NYSE:PRU) for 602,276 shares. Smithfield has invested 0.03% in Prudential Financial, Inc. (NYSE:PRU). Pitcairn Com holds 9,217 shares or 0.11% of its portfolio. Gulf Bank & Trust (Uk) Limited stated it has 0.19% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Tocqueville Asset Limited Partnership holds 0.08% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 68,594 shares.

Since February 20, 2018, it had 0 buys, and 1 insider sale for $4.43 million activity. Another trade for 40,729 shares valued at $4.43M was sold by Pelletier Stephen.

Analysts await Prudential Financial, Inc. (NYSE:PRU) to report earnings on May, 2. They expect $2.95 earnings per share, up 5.73% or $0.16 from last year’s $2.79 per share. PRU’s profit will be $1.24 billion for 9.13 P/E if the $2.95 EPS becomes a reality. After $2.69 actual earnings per share reported by Prudential Financial, Inc. for the previous quarter, Wall Street now forecasts 9.67% EPS growth.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Prudential Financial has $140.0 highest and $78 lowest target. $119.69’s average target is 11.11% above currents $107.72 stock price. Prudential Financial had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Neutral” rating by Atlantic Securities on Friday, February 10. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Hold” rating by RBC Capital Markets on Tuesday, September 5. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Market Perform” rating by Wells Fargo on Friday, September 23. The firm has “Buy” rating by Deutsche Bank given on Monday, September 7. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Underperform” rating given on Wednesday, June 29 by Bank of America. The firm earned “Buy” rating on Tuesday, October 10 by FBR Capital. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Buy” rating given on Friday, September 23 by Goldman Sachs. The company was maintained on Thursday, October 5 by Morgan Stanley. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. The company was maintained on Friday, April 28 by Credit Suisse.

Abner Herrman & Brock Llc increased Philip Morris International In (NYSE:PM) stake by 46,687 shares to 84,655 valued at $9.40M in 2017Q3. It also upped Hp Inc stake by 195,237 shares and now owns 433,927 shares. Whirlpool Corp (NYSE:WHR) was raised too.

Among 29 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 0 Sell and 7 Hold. Therefore 76% are positive. Synchrony Financial has $55.0 highest and $31 lowest target. $39.74’s average target is 12.71% above currents $35.26 stock price. Synchrony Financial had 70 analyst reports since July 20, 2015 according to SRatingsIntel. The company was initiated on Wednesday, May 11 by Macquarie Research. The stock of Synchrony Financial (NYSE:SYF) has “Market Perform” rating given on Wednesday, September 16 by BMO Capital Markets. The firm earned “Buy” rating on Friday, October 20 by Jefferies. The firm has “Buy” rating by Bank of America given on Thursday, December 15. The rating was maintained by Keefe Bruyette & Woods on Monday, July 17 with “Buy”. BMO Capital Markets maintained the shares of SYF in report on Wednesday, May 31 with “Buy” rating. The company was maintained on Wednesday, June 15 by Jefferies. The firm has “Buy” rating given on Thursday, June 15 by Keefe Bruyette & Woods. Bank of America downgraded Synchrony Financial (NYSE:SYF) on Friday, April 8 to “Neutral” rating. On Friday, January 19 the stock rating was maintained by Susquehanna with “Buy”.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on April, 27. They expect $0.79 earnings per share, up 29.51% or $0.18 from last year’s $0.61 per share. SYF’s profit will be $600.57M for 11.16 P/E if the $0.79 EPS becomes a reality. After $0.70 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 12.86% EPS growth.

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