Seminole Management buys $28,234,684 stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Seminole Management scooped up 20,045 additional shares in Prudential Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 374,366 shares of Prudential Financial Inc which is valued at $28,234,684.Prudential Financial Inc makes up approximately 2.78% of Seminole Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in PRU by selling 734,340 shares or 61.49% in the most recent quarter. The Hedge Fund company now holds 459,866 shares of PRU which is valued at $34,683,094. Prudential Financial Inc makes up approx 0.04% of American Century Companies Inc’s portfolio.Ibm Retirement Fund reduced its stake in PRU by selling 901 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 58,099 shares of PRU which is valued at $4,401,580. Prudential Financial Inc makes up approx 0.16% of Ibm Retirement Fund’s portfolio.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.Garland Capital Management Inc boosted its stake in PRU in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 52,700 shares of Prudential Financial Inc which is valued at $3,980,958. Prudential Financial Inc makes up approx 3.07% of Garland Capital Management Inc’s portfolio.Gillespie Robinson Grimm Inc reduced its stake in PRU by selling 11,894 shares or 18.2% in the most recent quarter. The Hedge Fund company now holds 53,475 shares of PRU which is valued at $3,909,023. Prudential Financial Inc makes up approx 0.61% of Gillespie Robinson Grimm Inc’s portfolio.

Prudential Financial Inc closed down -0.48 points or -0.63% at $75.29 with 25,58,224 shares getting traded on Friday. Post opening the session at $75.07, the shares hit an intraday low of $75.01 and an intraday high of $75.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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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