Lumbard Kellner buys $5.6 Million stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Lumbard Kellner scooped up 400 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 12, 2016. The investment management firm now holds a total of 74,093 shares of Prudential Financial Inc which is valued at $5.6 Million.Prudential Financial Inc makes up approximately 4.58% of Lumbard Kellner’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in PRU in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 49,731 shares of Prudential Financial Inc which is valued at $3.7 Million. Prudential Financial Inc makes up approx 0.18% of New Mexico Educational Retirement Board’s portfolio.Shell Asset Management Co boosted its stake in PRU in the latest quarter, The investment management firm added 25,778 additional shares and now holds a total of 96,293 shares of Prudential Financial Inc which is valued at $7.3 Million. Prudential Financial Inc makes up approx 0.18% of Shell Asset Management Co’s portfolio. Howard Hughes Medical Institute added PRU to its portfolio by purchasing 1,651 company shares during the most recent quarter which is valued at $124,485. Prudential Financial Inc makes up approx 0.03% of Howard Hughes Medical Institute’s portfolio.Ngam Advisors reduced its stake in PRU by selling 2,660 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 88,443 shares of PRU which is valued at $6.7 Million. Prudential Financial Inc makes up approx 0.10% of Ngam Advisors’s portfolio.Ncm Capital Management Group Inc reduced its stake in PRU by selling 50 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 2,075 shares of PRU which is valued at $157,804. Prudential Financial Inc makes up approx 1.95% of Ncm Capital Management Group Inc’s portfolio.

Prudential Financial Inc opened for trading at $77.79 and hit $78.91 on the upside on Friday, eventually ending the session at $77.67, with a gain of 0.74% or 0.57 points. The heightened volatility saw the trading volume jump to 23,83,231 shares. Company has a market cap of $34,330 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.

Leave a Reply

Prudential Financial Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Prudential Financial Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.