Central Bank Trust Co Lowers stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Central Bank Trust Co reduced its stake in Prudential Financial Inc by 74.25% during the most recent quarter end. The investment management company now holds a total of 1,246 shares of Prudential Financial Inc which is valued at $105,324 after selling 3,593 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Prudential Financial Inc makes up approximately 0.03% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in PRU in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 1,193 shares of Prudential Financial Inc which is valued at $100,844. Prudential Financial Inc makes up approx 0.02% of Advisory Services Network’s portfolio.Chevy Chase Trust Holdings reduced its stake in PRU by selling 12,984 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 365,725 shares of PRU which is valued at $31,009,823. Prudential Financial Inc makes up approx 0.17% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in PRU by selling 360 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 6,179 shares of PRU which is valued at $523,917. Prudential Financial Inc makes up approx 0.16% of Independent Portfolio Consultants’s portfolio.First American Trust Fsb boosted its stake in PRU in the latest quarter, The investment management firm added 9,753 additional shares and now holds a total of 32,637 shares of Prudential Financial Inc which is valued at $2,767,291. Prudential Financial Inc makes up approx 0.87% of First American Trust Fsb’s portfolio.Harbour Capital Advisors reduced its stake in PRU by selling 300 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 3,601 shares of PRU which is valued at $305,329. Prudential Financial Inc makes up approx 0.16% of Harbour Capital Advisors’s portfolio.

Prudential Financial Inc closed down -0.48 points or -0.56% at $84.53 with 24,70,217 shares getting traded on Friday. Post opening the session at $84.53, the shares hit an intraday low of $83.81 and an intraday high of $85 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 $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 Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Prudential Financial Inc was Upgraded by Goldman to ” Buy” on Sep 23, 2016. Prudential Financial Inc was Resumed by Wells Fargo to “Market Perform” on Sep 23, 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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