Prudential Financial Inc (PRU) : Meiji Yasuda Asset Management Co Ltd. scooped up 3,548 additional shares in Prudential Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 41,449 shares of Prudential Financial Inc which is valued at $3,130,228.Prudential Financial Inc makes up approximately 0.43% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.
Other Hedge Funds, Including , Martingale Asset Management L P boosted its stake in PRU in the latest quarter, The investment management firm added 5,202 additional shares and now holds a total of 94,156 shares of Prudential Financial Inc which is valued at $7,110,661. Prudential Financial Inc makes up approx 0.11% of Martingale Asset Management L P’s portfolio.Global X Management Co boosted its stake in PRU in the latest quarter, The investment management firm added 222 additional shares and now holds a total of 400 shares of Prudential Financial Inc which is valued at $30,604.Wagner Bowman Management Corp reduced its stake in PRU by selling 290 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 13,282 shares of PRU which is valued at $1,001,728. Prudential Financial Inc makes up approx 0.38% of Wagner Bowman Management Corp’s portfolio.
Prudential Financial Inc opened for trading at $77.77 and hit $79.05 on the upside on Monday, eventually ending the session at $78.61, with a gain of 1.34% or 1.04 points. The heightened volatility saw the trading volume jump to 16,25,592 shares. Company has a market cap of $34,353 M.
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.