Prudential Financial Inc (PRU) : Btc Capital Management reduced its stake in Prudential Financial Inc by 1.35% during the most recent quarter end. The investment management company now holds a total of 49,340 shares of Prudential Financial Inc which is valued at $3,757,241 after selling 677 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Prudential Financial Inc makes up approximately 0.79% of Btc Capital Management’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in PRU by selling 7,247 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 474,789 shares of PRU which is valued at $36,155,182. Prudential Financial Inc makes up approx 0.13% of Aberdeen Asset Management Plcuk’s portfolio.Conning boosted its stake in PRU in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 11,099 shares of Prudential Financial Inc which is valued at $837,087. Prudential Financial Inc makes up approx 0.03% of Conning’s portfolio.Cutler Capital Management reduced its stake in PRU by selling 3,000 shares or 27.27% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of PRU which is valued at $603,360. Prudential Financial Inc makes up approx 0.44% of Cutler Capital Management’s portfolio.
Prudential Financial Inc closed down -3.31 points or -4.35% at $72.84 with 40,07,394 shares getting traded on Thursday. Post opening the session at $74.56, the shares hit an intraday low of $72.25 and an intraday high of $75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Prudential Financial Inc. Prudential Financial Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 2016.
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 Companys 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 Companys investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.