Prudential Financial Inc (PRU) : Exxonmobil Investment Management Inc Tx reduced its stake in Prudential Financial Inc by 2.47% during the most recent quarter end. The investment management company now holds a total of 111,582 shares of Prudential Financial Inc which is valued at $9,432,026 after selling 2,830 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 0.20% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in PRU during the most recent quarter. The investment firm sold 5,926 shares of PRU which is valued $500,925.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.Bnp Paribas Arbitrage Sa reduced its stake in PRU by selling 101,796 shares or 59.49% in the most recent quarter. The Hedge Fund company now holds 69,325 shares of PRU which is valued at $5,878,067. Prudential Financial Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. West Oak Capital added PRU to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $8,479. Prudential Financial Inc makes up approx 0.01% of West Oak Capital’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 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.