As Prudential Financial (PRU) Share Value Declined, Lumbard & Kellner Has Lowered Its Position by $712,044; Wedgewood Partners Has Trimmed Edwards Lifesciences (EW) Stake by $367,920

May 23, 2018 - By Nellie Frank

Prudential Financial, Inc. (NYSE:PRU) Logo

Wedgewood Partners Inc decreased its stake in Edwards Lifesciences (EW) by 0.24% based on its latest 2017Q4 regulatory filing with the SEC. Wedgewood Partners Inc sold 3,285 shares as the company’s stock rose 22.78% while stock markets declined. The institutional investor held 1.34 million shares of the industrial specialties company at the end of 2017Q4, valued at $151.00 million, down from 1.34M at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Edwards Lifesciences for a number of months, seems to be less bullish one the $29.31B market cap company. The stock increased 1.78% or $2.43 during the last trading session, reaching $139.06. About 299,564 shares traded. Edwards Lifesciences Corporation (NYSE:EW) has risen 44.06% since May 23, 2017 and is uptrending. It has outperformed by 32.51% the S&P500.

Lumbard & Kellner Llc decreased its stake in Prudential Financial Inc (PRU) by 8.14% based on its latest 2017Q4 regulatory filing with the SEC. Lumbard & Kellner Llc sold 6,246 shares as the company’s stock declined 11.71% with the market. The institutional investor held 70,515 shares of the finance company at the end of 2017Q4, valued at $8.11M, down from 76,761 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Prudential Financial Inc for a number of months, seems to be less bullish one the $42.10 billion market cap company. The stock decreased 1.69% or $1.72 during the last trading session, reaching $100.24. About 266,320 shares traded. Prudential Financial, Inc. (NYSE:PRU) has declined 1.86% since May 23, 2017 and is downtrending. It has underperformed by 13.41% the S&P500.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Prudential Financial had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 31. Wells Fargo maintained the stock with “Market Perform” rating in Friday, February 9 report. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets. As per Monday, September 7, the company rating was upgraded by Zacks. The firm has “Equal-Weight” rating given on Thursday, October 5 by Morgan Stanley. The stock has “Hold” rating by RBC Capital Markets on Friday, October 6. Bank of America maintained it with “Buy” rating and $117 target in Monday, March 26 report. The firm earned “Outperform” rating on Monday, May 16 by FBR Capital. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, November 10. As per Thursday, November 2, the company rating was maintained by Morgan Stanley.

Analysts await Prudential Financial, Inc. (NYSE:PRU) to report earnings on August, 1. They expect $3.06 EPS, up 46.41% or $0.97 from last year’s $2.09 per share. PRU’s profit will be $1.29 billion for 8.19 P/E if the $3.06 EPS becomes a reality. After $3.08 actual EPS reported by Prudential Financial, Inc. for the previous quarter, Wall Street now forecasts -0.65% negative EPS growth.

Since February 20, 2018, it had 0 insider buys, and 1 insider sale for $4.43 million activity.

Lumbard & Kellner Llc, which manages about $141.06M and $194.70M US Long portfolio, upped its stake in Brighthouse Finl Inc by 47,785 shares to 61,887 shares, valued at $3.63M in 2017Q4, according to the filing.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.18, from 1 in 2017Q3. It is positive, as 37 investors sold PRU shares while 264 reduced holdings. 89 funds opened positions while 265 raised stakes. 267.81 million shares or 0.71% more from 265.93 million shares in 2017Q3 were reported. Hightower Advsrs Ltd Liability Co reported 31,380 shares or 0.03% of all its holdings. Glg Ltd Liability Corp holds 0.17% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 20,042 shares. Fjarde Ap reported 118,826 shares or 0.21% of all its holdings. Profund Ltd Liability has invested 0.06% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Bokf Na has invested 0.21% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Stephens Incorporated Ar invested in 4,396 shares. Oppenheimer And, a New York-based fund reported 30,123 shares. Natixis holds 279,328 shares. Goldman Sachs Gp Inc has 0.1% invested in Prudential Financial, Inc. (NYSE:PRU) for 3.73M shares. Brick And Kyle Assoc has 30,064 shares for 2.81% of their portfolio. State Of Wisconsin Investment Board accumulated 0.2% or 649,228 shares. Natl Insur Tx invested in 0.92% or 158,625 shares. Calamos Ltd Llc invested in 0.15% or 261,312 shares. Ahl Prns Ltd Liability Partnership invested 0.1% in Prudential Financial, Inc. (NYSE:PRU). Timber Hill Ltd Liability accumulated 42,567 shares or 0.32% of the stock.

More notable recent Edwards Lifesciences Corporation (NYSE:EW) news were published by: Seekingalpha.com which released: “Edwards Lifesciences’ (EW) CEO Michael Mussallem on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018, also Prnewswire.com with their article: “Real-World Evidence Confirms Clinical Trial Outcomes For Patients Treated With Edwards SAPIEN 3 Valve” published on May 22, 2018, Streetinsider.com published: “Edwards Lifesciences (EW) Says Real-World Evidence Confirms Clinical Trial Outcomes For Patients Treated With its …” on May 22, 2018. More interesting news about Edwards Lifesciences Corporation (NYSE:EW) were released by: Investorplace.com and their article: “3 Stocks to Watch on Wednesday: Edwards Lifesciences Corp (EW), Illumina, Inc. (ILMN) and Tesla Inc (TSLA)” published on April 25, 2018 as well as Profitconfidential.com‘s news article titled: “Despite the Sell-Off, Edwards Life Sciences Stock Still Remains Bullish” with publication date: April 30, 2018.

Analysts await Edwards Lifesciences Corporation (NYSE:EW) to report earnings on July, 25. They expect $1.12 earnings per share, up 3.70% or $0.04 from last year’s $1.08 per share. EW’s profit will be $236.07M for 31.04 P/E if the $1.12 EPS becomes a reality. After $1.22 actual earnings per share reported by Edwards Lifesciences Corporation for the previous quarter, Wall Street now forecasts -8.20% negative EPS growth.

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