Prudential Financial Inc (PRU) : Bryn Mawr Trust Co reduced its stake in Prudential Financial Inc by 0.31% during the most recent quarter end. The investment management company now holds a total of 185,348 shares of Prudential Financial Inc which is valued at $13,997,481 after selling 570 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Prudential Financial Inc makes up approximately 0.86% of Bryn Mawr Trust Co’s portfolio.
Other Hedge Funds, Including , Convergence Investment Partners boosted its stake in PRU in the latest quarter, The investment management firm added 4,325 additional shares and now holds a total of 17,099 shares of Prudential Financial Inc which is valued at $1,291,316. Prudential Financial Inc makes up approx 0.17% of Convergence Investment Partners’s portfolio.Wesbanco Bank Inc reduced its stake in PRU by selling 24,107 shares or 24.78% in the most recent quarter. The Hedge Fund company now holds 73,169 shares of PRU which is valued at $5,598,160. Prudential Financial Inc makes up approx 0.32% of Wesbanco Bank Inc’s portfolio.Ropes Wealth Advisors boosted its stake in PRU in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 564 shares of Prudential Financial Inc which is valued at $43,152. Prudential Financial Inc makes up approx 0.01% of Ropes Wealth Advisors’s portfolio.Lsv Asset Management reduced its stake in PRU by selling 22,025 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 3,720,456 shares of PRU which is valued at $282,866,270. Prudential Financial Inc makes up approx 0.55% of Lsv Asset Management’s portfolio.
Prudential Financial Inc opened for trading at $75.7 and hit $76.34 on the upside on Friday, eventually ending the session at $76.18, with a gain of 0.47% or 0.36 points. The heightened volatility saw the trading volume jump to 15,86,240 shares. Company has a market cap of $33,291 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 Companys 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 Companys investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.