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Main » Bridgewater Associates LP Invests $931000 in Prudential Financial, Inc. (PRU) Stock

Bridgewater Associates LP Invests $931000 in Prudential Financial, Inc. (PRU) Stock

17 September 2017

The Foxhaven Asset Management Lp holds 3.53 million shares with $104.85M value, up from 3.46M last quarter. River Road Asset Management Llc who had been investing in Blackhawk Network Holdings In for a number of months, seems to be bullish on the $2.51 billion market cap company. Finally, Cleararc Capital Inc. increased its position in Prudential Financial by 0.4% during the 1st quarter. First Utd Bancshares Trust accumulated 16,210 shares. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since September 16, 2016 and is uptrending. It has outperformed by 17.71% the S&P500.

Gyroscope Capital Management Group Llc decreased its stake in Prudential Finl Inc (PRU) by 14.37% based on its latest 2016Q4 regulatory filing with the SEC. The correct version of this piece can be read at https://weekherald.com/2017/09/17/bridgewater-associates-lp-invests-931000-in-prudential-financial-inc-pru-stock.html.

As regular trading ended, Prudential Financial, Inc. The stock increased 0.79% or $0.81 on September 15, reaching $102.78. The volume of PRU witnessed a shift from 2.06 million shares, based on a 50-day average, to 1.85 million shares.

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Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. It has outperformed by 16.96% the S&P500. Its up 0.06, from 1.14 in 2016Q3. It is negative, as 126 investors sold AMZN shares while 478 reduced holdings. 32 funds opened positions while 137 raised stakes. Assetmark Inc reported 20,452 shares. 90,127 are owned by First Republic Investment. Keybank Association Oh owns 75,680 shares. Nelson Van Denburg Campbell Wealth Management Gru Ltd Limited Liability Company reported 116 shares. Samlyn Capital Ltd Company stated it has 1.02% of its portfolio in Amazon.com, Inc. The percentage of shares being held by the company management was 3% while institutional stake was 87.6%. Private Advisor Grp Inc has 0.59% invested in Amazon.com, Inc. Zeke Advsr Limited Liability Corp holds 0.11% or 3,855 shares in its portfolio. Highland Mgmt LP stated it has 10,000 shares. Aviva Pcl accumulated 0.29% or 461,589 shares. It also upped Mastercard Inc. More interesting news about Amazon.com, Inc.

Following the sale, the insider now owns 10,924 shares in the company, valued at approximately $1,225,454.32. 4,000 shares were sold by WILKE JEFFREY A, worth $3.88M. (NASDAQ:AMBC) has "Sell" rating given on Monday, December 19 by M Partners. (NASDAQ:AMZN) was sold by Jassy Andrew R. On Monday, May 15 the insider Reynolds Shelley sold $521,627. Sumitomo Life reported 0.33% in Prudential Financial Inc (NYSE:PRU). Therefore 46% are positive. InterRent REIT had 15 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 5 by RBC Capital Markets. The stock of Boston Properties, Inc. The firm has "Neutral" rating by Credit Suisse given on Friday, October 7. Prudential Financial now has an average rating of "Buy" and an average target price of $111.49. Wells Fargo maintained the shares of PRU in report on Friday, May 5 with "Hold" rating. (NASDAQ:AMZN) rating on Friday, January 29. Credit Suisse has "Outperform" rating and $150 target. The firm earned "Buy" rating on Monday, August 24 by Axiom Securities. The firm earned "Buy" rating on Tuesday, August 15 by Robert W. Baird. Pinnacle Financial Partners Inc. now owns 27,063 shares of the company's stock valued at $2,032,000 after buying an additional 1,315 shares during the period. Therefore 50% are positive. Arcadia Inv Mngmt Corp Mi has invested 0.03% in Prudential Financial Inc (NYSE:PRU). Keefe Bruyette & Woods has "Buy" rating and $118.0 target. As per Tuesday, December 13, the company rating was maintained by M Partners. FBR Capital downgraded the stock to "Mkt Perform" rating in Tuesday, October 18 report. As per Friday, February 26, the company rating was downgraded by Capital One. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The rating was downgraded by Bank of America on Wednesday, June 29 to "Underperform". On Monday, June 26 the stock rating was maintained by RBC Capital Markets with "Hold". RBC Capital Markets maintained it with "Sector Perform" rating and $80 target in Thursday, February 11 report. Aperio Grp Ltd invested 0.21% of its portfolio in Prudential Financial Inc (NYSE:PRU).

Raging Capital Management Llc decreased Ambac Finl Group Inc (Call) (AMBC) stake by 60.06% reported in 2016Q4 SEC filing. Its up 0.32, from 0.85 in 2016Q3. It increased, as 40 investors sold PRU shares while 258 reduced holdings.

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Several other institutional investors and hedge funds also recently made changes to their positions in PRU. 258.13 million shares or 1.92% more from 253.26 million shares in 2016Q3 were reported. Finally, Barclays PLC reissued a "buy" rating and set a $117.00 price target on shares of Prudential Financial in a research report on Monday, January 9th.

Want to see what other hedge funds are holding PRU? Calamos Advsrs Ltd owns 92,970 shares. Deutsche Fincl Bank Ag holds 0.13% or 1.58M shares. (NYSE:BXP). Crestpoint Capital Ltd Liability accumulated 5,100 shares. 141.66 million shares or 0.96% less from 143.04 million shares in 2016Q3 were reported. Raymond James Associate reported 74,175 shares. Counselors invested 0.39% of its portfolio in Prudential Financial Inc (NYSE:PRU). (NYSE:PRU) during the fourth quarter, Holdings Channel reports.

Prudential Financial, Inc, is a financial services company. Arrow Financial Corp boosted its position in shares of Prudential Financial by 1.4% in the second quarter. BlackRock Inc. increased its holdings in shares of Prudential Financial by 3,296.9% in the 1st quarter. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.70 by ($0.61). PRU's profit will be $1.17B for 9.48 P/E if the $2.71 EPS becomes a reality. The company's quarterly EPS surprised Wall Street by as much as -23% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

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