Prudential Financial Inc (PRU) : Weaver C. Barksdale Associates added new position in Prudential Financial Inc during the most recent quarter end. The investment management firm now holds 12,005 shares of Prudential Financial Inc which is valued at $1,012,862 , the company said in a statement filed on Oct 12, 2016 with the SEC.Prudential Financial Inc makes up approximately 1.74% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Chicago Trust Co Na boosted its stake in PRU in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 21,246 shares of Prudential Financial Inc which is valued at $1,792,525. Prudential Financial Inc makes up approx 0.83% of Chicago Trust Co Na’s portfolio.Raymond James Trust N.a. reduced its stake in PRU by selling 490 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 12,892 shares of PRU which is valued at $1,095,046. Prudential Financial Inc makes up approx 0.09% of Raymond James Trust N.a.’s portfolio.Central Bank Trust Co reduced its stake in PRU by selling 3,593 shares or 74.25% in the most recent quarter. The Hedge Fund company now holds 1,246 shares of PRU which is valued at $105,324. Prudential Financial Inc makes up approx 0.03% of Central Bank Trust Co’s portfolio.Washington Trust Bank reduced its stake in PRU by selling 751 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 32,311 shares of PRU which is valued at $2,739,650. Prudential Financial Inc makes up approx 0.66% of Washington Trust Bank’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 -0.57 points or -0.67% at $84.37 with 25,07,575 shares getting traded on Tuesday. Post opening the session at $85.01, the shares hit an intraday low of $83.8599 and an intraday high of $85.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.