Prudential Financial Inc (PRU) : Capital Management Corp Va reduced its stake in Prudential Financial Inc by 1.84% during the most recent quarter end. The investment management company now holds a total of 104,940 shares of Prudential Financial Inc which is valued at $7,950,254 after selling 1,963 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Prudential Financial Inc makes up approximately 2.93% of Capital Management Corp Va’s portfolio.
Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc reduced its stake in PRU by selling 11,683 shares or 6.27% in the most recent quarter. The Hedge Fund company now holds 174,589 shares of PRU which is valued at $13,226,863. Prudential Financial Inc makes up approx 3.82% of Jones Collombin Investment Counsel Inc’s portfolio.Eastern Bank reduced its stake in PRU by selling 40 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 3,497 shares of PRU which is valued at $263,674. Prudential Financial Inc makes up approx 0.02% of Eastern Bank’s portfolio.Next Financial Group Inc boosted its stake in PRU in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 1,126 shares of Prudential Financial Inc which is valued at $79,935. Prudential Financial Inc makes up approx 0.03% of Next Financial Group Inc’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in PRU by selling 2,036 shares or 28.44% in the most recent quarter. The Hedge Fund company now holds 5,122 shares of PRU which is valued at $352,086. Prudential Financial Inc makes up approx 0.07% of First Financial Bank N.a. – Trust Division’s portfolio.
Prudential Financial Inc opened for trading at $75.61 and hit $75.66 on the upside on Wednesday, eventually ending the session at $75.54, with a gain of 0.49% or 0.37 points. The heightened volatility saw the trading volume jump to 18,36,792 shares. Company has a market cap of $33,389 M.
On the company’s financial health, Prudential Financial Inc reported $2.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $2.36. The company had revenue of $11929.00 million for the quarter, compared to analysts expectations of $11225.08 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 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.