Bank Of The West buys $10,192,905 stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Bank Of The West scooped up 2,180 additional shares in Prudential Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 134,029 shares of Prudential Financial Inc which is valued at $10,192,905.Prudential Financial Inc makes up approximately 1.42% of Bank Of The West’s portfolio.

Other Hedge Funds, Including , Richard Bernstein Advisors added PRU to its portfolio by purchasing 31,362 company shares during the most recent quarter which is valued at $2,385,080. Prudential Financial Inc makes up approx 0.24% of Richard Bernstein Advisors’s portfolio. Regis Management Co sold out all of its stake in PRU during the most recent quarter. The investment firm sold 2,940 shares of PRU which is valued $223,587. Moisand Fitzgerald Tamayo sold out all of its stake in PRU during the most recent quarter. The investment firm sold 33 shares of PRU which is valued $2,562.Commerce Bank boosted its stake in PRU in the latest quarter, The investment management firm added 869 additional shares and now holds a total of 13,313 shares of Prudential Financial Inc which is valued at $1,033,621. Prudential Financial Inc makes up approx 0.02% of Commerce Bank’s portfolio. Legacy Private Trust sold out all of its stake in PRU during the most recent quarter. The investment firm sold 6,130 shares of PRU which is valued $487,825.

Prudential Financial Inc opened for trading at $76.17 and hit $77.47 on the upside on Tuesday, eventually ending the session at $77.16, with a gain of 2.02% or 1.53 points. The heightened volatility saw the trading volume jump to 22,85,645 shares. Company has a market cap of $34,105 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. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 80 from a previous price target of $91 .

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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