Mengis Capital Management buys $2,255,897 stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Mengis Capital Management scooped up 150 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 8, 2016. The investment management firm now holds a total of 29,485 shares of Prudential Financial Inc which is valued at $2,255,897.Prudential Financial Inc makes up approximately 1.91% of Mengis Capital Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in PRU by selling 40,992 shares or 13.63% in the most recent quarter. The Hedge Fund company now holds 259,653 shares of PRU which is valued at $19,866,051. Prudential Financial Inc makes up approx 0.17% of Bnp Paribas Investment Partners S.a.’s portfolio.Seaward Management Limited Partnership boosted its stake in PRU in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 193,412 shares of Prudential Financial Inc which is valued at $14,587,133. Prudential Financial Inc makes up approx 0.77% of Seaward Management Limited Partnership’s portfolio.Checchi Capital Advisers reduced its stake in PRU by selling 215 shares or 5.84% in the most recent quarter. The Hedge Fund company now holds 3,469 shares of PRU which is valued at $262,811. Prudential Financial Inc makes up approx 0.06% of Checchi Capital Advisers’s portfolio.Rothschild Investment Corp Il reduced its stake in PRU by selling 330 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 4,390 shares of PRU which is valued at $332,586. Prudential Financial Inc makes up approx 0.04% of Rothschild Investment Corp Il’s portfolio.

Prudential Financial Inc opened for trading at $76.33 and hit $76.96 on the upside on Monday, eventually ending the session at $76.71, with a gain of 1.58% or 1.19 points. The heightened volatility saw the trading volume jump to 19,45,540 shares. Company has a market cap of $33,522 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 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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