Prudential Finl (PRU) Shareholder Jefferies Group Lowered Its Holding; As Gerdau S A Sponsored Adr (GGB) Valuation Declined, Shareholder Fairpointe Capital Has Lowered Its Stake

February 20, 2018 - By Lawrence Diaz

Jefferies Group Llc decreased its stake in Prudential Finl Inc (PRU) by 44.48% based on its latest 2017Q3 regulatory filing with the SEC. Jefferies Group Llc sold 13,121 shares as the company’s stock declined 6.41% while stock markets rallied. The institutional investor held 16,379 shares of the finance company at the end of 2017Q3, valued at $1.74M, down from 29,500 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Prudential Finl Inc for a number of months, seems to be less bullish one the $45.74B market cap company. The stock decreased 0.13% or $0.14 during the last trading session, reaching $108.39. About 547,747 shares traded. Prudential Financial, Inc. (NYSE:PRU) has risen 33.66% since February 20, 2017 and is uptrending. It has outperformed by 16.96% the S&P500.

Fairpointe Capital Llc decreased its stake in Gerdau S A Sponsored Adr (GGB) by 2.88% based on its latest 2017Q3 regulatory filing with the SEC. Fairpointe Capital Llc sold 635,189 shares as the company’s stock declined 32.55% while stock markets rallied. The institutional investor held 21.44 million shares of the steel and iron ore company at the end of 2017Q3, valued at $73.56M, down from 22.08M at the end of the previous reported quarter. Fairpointe Capital Llc who had been investing in Gerdau S A Sponsored Adr for a number of months, seems to be less bullish one the $8.32 billion market cap company. The stock increased 0.40% or $0.02 during the last trading session, reaching $5.01. About 5.16M shares traded. Gerdau S.A. (NYSE:GGB) has risen 83.44% since February 20, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Fairpointe Capital Llc, which manages about $7.00B and $5.06 billion US Long portfolio, upped its stake in Chicago Bridge & Iron (NYSE:CBI) by 995,740 shares to 5.04M shares, valued at $84.74 million in 2017Q3, according to the filing. It also increased its holding in Cars.Com by 678,090 shares in the quarter, for a total of 3.41M shares, and has risen its stake in Stericycle (NASDAQ:SRCL).

Among 7 analysts covering Gerdau (NYSE:GGB), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Gerdau had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Credit Suisse given on Friday, February 2. The company was initiated on Monday, August 10 by Goldman Sachs. The rating was downgraded by Bank of America on Monday, February 22 to “Underperform”. The stock has “Buy” rating by Bank of America on Monday, November 27. The stock of Gerdau S.A. (NYSE:GGB) earned “Overweight” rating by Morgan Stanley on Thursday, August 18. The firm earned “Underperform” rating on Tuesday, October 25 by Scotia Capital. The firm has “Overweight” rating by JP Morgan given on Friday, September 1. J.P. Morgan upgraded the shares of GGB in report on Friday, September 1 to “Buy” rating. The rating was downgraded by Credit Suisse to “Hold” on Thursday, September 7. On Thursday, August 4 the stock rating was upgraded by Credit Suisse to “Outperform”.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.20, from 1.2 in 2017Q2. It dropped, 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. 220 were reported by Nelson Roberts Invest Advisors Llc. Tiaa Cref Inv Lc invested in 0.08% or 1.16 million shares. Adage Cap Gru Llc holds 608,085 shares. Hancock Hldgs holds 0.14% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 30,070 shares. 37,883 were reported by Cornercap Investment Counsel. Evercore Wealth Mngmt Ltd Liability owns 2,485 shares. Chemical Financial Bank has invested 0.41% in Prudential Financial, Inc. (NYSE:PRU). Point72 Asset LP stated it has 0.04% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Caprock Grp invested in 6,500 shares. Etrade Capital Management Ltd holds 0.02% or 6,575 shares. Gsa Partners Llp has invested 0.08% in Prudential Financial, Inc. (NYSE:PRU). Wealthtrust invested in 0.01% or 140 shares. Capital One National Association has 0.15% invested in Prudential Financial, Inc. (NYSE:PRU) for 19,566 shares. Koshinski Asset Inc holds 0.15% or 4,163 shares in its portfolio. The Missouri-based Stifel Financial Corporation has invested 0.03% in Prudential Financial, Inc. (NYSE:PRU).

Among 15 analysts covering Prudential Financial (NYSE:PRU), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Prudential Financial had 50 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, February 12, the company rating was upgraded by RBC Capital Markets. As per Friday, November 10, the company rating was maintained by Keefe Bruyette & Woods. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 11. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Hold” rating given on Friday, February 9 by Deutsche Bank. RBC Capital Markets maintained Prudential Financial, Inc. (NYSE:PRU) on Monday, June 26 with “Hold” rating. On Friday, May 5 the stock rating was maintained by Wells Fargo with “Hold”. The firm earned “Underperform” rating on Wednesday, June 29 by Bank of America. The firm has “Market Perform” rating by Wells Fargo given on Friday, September 23. FBR Capital downgraded Prudential Financial, Inc. (NYSE:PRU) rating on Tuesday, October 18. FBR Capital has “Mkt Perform” rating and $86 target. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Equal-Weight” rating given on Thursday, February 8 by Morgan Stanley.

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