Prudential Financial Inc (PRU) : Jones Collombin Investment Counsel Inc has sold out all of its stake in Prudential Financial Inc during the most recent quarter, according to the disclosure filed by the company on Oct 17, 2016 with the SEC. The investment management company has sold out 174,589 shares of Prudential Financial Inc which is valued at $14,740,549.
Other Hedge Funds, Including , 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 $301,332. Prudential Financial Inc makes up approx 0.16% of Harbour Capital Advisors’s portfolio.Gofen Glossberg Il reduced its stake in PRU by selling 7,947 shares or 20.8% in the most recent quarter. The Hedge Fund company now holds 30,255 shares of PRU which is valued at $2,569,860. Prudential Financial Inc makes up approx 0.11% of Gofen Glossberg Il’s portfolio.Gillespie Robinson Grimm Inc reduced its stake in PRU by selling 50,851 shares or 95.09% in the most recent quarter. The Hedge Fund company now holds 2,624 shares of PRU which is valued at $222,883. Prudential Financial Inc makes up approx 0.03% of Gillespie Robinson Grimm Inc’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in PRU by selling 2,830 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 111,582 shares of PRU which is valued at $9,432,026. Prudential Financial Inc makes up approx 0.20% of Exxonmobil Investment Management Inc Tx’s portfolio.
Prudential Financial Inc opened for trading at $84.99 and hit $85.34 on the upside on Friday, eventually ending the session at $84.43, with a gain of 0.90% or 0.75 points. The heightened volatility saw the trading volume jump to 27,04,015 shares. Company has a market cap of $36,896 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. FBR & Co. Downgraded Prudential Financial Inc on Oct 18, 2016 to ” Mkt Perform”, Price Target of the shares are set at $86.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. 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.