Tradition Capital Management adds Prudential Financial Inc (PRU) to its portfolio

Prudential Financial Inc (PRU) : Tradition Capital Management added new position in Prudential Financial Inc during the most recent quarter end. The investment management firm now holds 17,265 shares of Prudential Financial Inc which is valued at $1,314,730 , the company said in a statement filed on Aug 1, 2016 with the SEC.Prudential Financial Inc makes up approximately 0.43% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in PRU in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 2,682 shares of Prudential Financial Inc which is valued at $204,234. Prudential Financial Inc makes up approx 0.11% of Hudock Capital Group’s portfolio.Louisiana State Employees Retirement System reduced its stake in PRU by selling 800 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 29,000 shares of PRU which is valued at $2,187,180. Prudential Financial Inc makes up approx 0.11% of Louisiana State Employees Retirement System’s portfolio. 1st Global Advisors sold out all of its stake in PRU during the most recent quarter. The investment firm sold 4,346 shares of PRU which is valued $329,253.Capital Management Corp Va reduced its stake in PRU by selling 1,963 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 104,940 shares of PRU which is valued at $7,950,254. Prudential Financial Inc makes up approx 2.93% of Capital Management Corp Va’s portfolio.Independent Portfolio Consultants boosted its stake in PRU in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 6,539 shares of Prudential Financial Inc which is valued at $493,041. Prudential Financial Inc makes up approx 0.15% of Independent Portfolio Consultants’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 Company’s 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 Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

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