Dekabank Deutsche Girozentrale buys $50.5 Million stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Dekabank Deutsche Girozentrale scooped up 395,941 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 13, 2016. The investment management firm now holds a total of 669,862 shares of Prudential Financial Inc which is valued at $50.5 Million.Prudential Financial Inc makes up approximately 0.60% of Dekabank Deutsche Girozentrale’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in PRU in the latest quarter, The investment management firm added 6,856 additional shares and now holds a total of 25,345 shares of Prudential Financial Inc which is valued at $1.9 Million. Prudential Financial Inc makes up approx 0.02% of First Republic Investment Management’s portfolio.Proshare Advisors reduced its stake in PRU by selling 34,173 shares or 21.07% in the most recent quarter. The Hedge Fund company now holds 128,018 shares of PRU which is valued at $9.7 Million. Prudential Financial Inc makes up approx 0.13% of Proshare Advisors’s portfolio. Richard Bernstein Advisors added PRU to its portfolio by purchasing 31,362 company shares during the most recent quarter which is valued at $2.4 Million. Prudential Financial Inc makes up approx 0.24% of Richard Bernstein Advisors’s portfolio.Community Bank Trust Waco Texas boosted its stake in PRU in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 8,213 shares of Prudential Financial Inc which is valued at $637,657. Prudential Financial Inc makes up approx 0.36% of Community Bank Trust Waco Texas’s portfolio.

Prudential Financial Inc opened for trading at $79.15 and hit $80.49 on the upside on Wednesday, eventually ending the session at $79.69, with a gain of 1.23% or 0.97 points. The heightened volatility saw the trading volume jump to 16,97,621 shares. Company has a market cap of $35,223 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.

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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