13,567 Shares in Prudential Public Limited Company $PUK Acquired by ICONIQ Capital LLC

Key Points

• ICONIQ Capital LLC has acquired 13,567 shares of Prudential Public Limited Company, valued at approximately $292,000, indicating a growing interest in the financial services provider.
• Several investment research firms have upgraded Prudential Public's stock rating, including Wall Street Zen and Deutsche Bank, reflecting a positive outlook as the average rating moves to "Buy".
• The company currently has a market capitalization of $34.49 billion and a PE ratio of 11.54, with its stock trading at around $26.77.

ICONIQ Capital LLC acquired a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,567 shares of the financial services provider's stock, valued at approximately $292,000.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Prudential Public by 38.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock worth $55,000 after purchasing an additional 707 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 1,140 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Prudential Public in the 1st quarter valued at $60,000. National Bank of Canada FI raised its holdings in shares of Prudential Public by 29.0% in the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 883 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of Prudential Public during the 1st quarter worth $88,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PUK. Wall Street Zen raised Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Prudential Public Trading Down 1.1%

NYSE:PUK opened at $26.77 on Tuesday. The company has a market capitalization of $34.49 billion, a PE ratio of 11.54, a P/E/G ratio of 0.78 and a beta of 1.06. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $27.20. The stock's 50 day moving average price is $25.33 and its 200 day moving average price is $22.41. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.

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