Y Intercept Hong Kong Ltd Takes $741,000 Position in Prudential Public Limited Company (NYSE:PUK)

Key Points

• Y Intercept Hong Kong Ltd acquired 34,444 shares of Prudential Public Limited Company, valued at approximately $741,000, during the 1st quarter of the year.
• Several institutional investors have increased their stakes in Prudential Public, with GAMMA Investing LLC growing its position by 182.6% in the same period.
• Prudential Public is rated as a "Buy" by multiple analysts, including Barclays and Deutsche Bank, highlighting positive market sentiment toward the stock.

Y Intercept Hong Kong Ltd purchased a new position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,444 shares of the financial services provider's stock, valued at approximately $741,000.

A number of other large investors also recently bought and sold shares of PUK. National Bank of Canada FI raised its stake in Prudential Public by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after purchasing an additional 1,049 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of Prudential Public by 70.4% in the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after acquiring an additional 1,140 shares in the last quarter. Cetera Trust Company N.A increased its position in shares of Prudential Public by 60.8% in the first quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock worth $121,000 after acquiring an additional 2,125 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Prudential Public by 182.6% in the first quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock worth $140,000 after acquiring an additional 4,205 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Prudential Public by 28.8% in the first quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider's stock worth $154,000 after acquiring an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Stock Down 1.4%

PUK traded down $0.36 during trading on Wednesday, hitting $24.82. The company had a trading volume of 1,315,815 shares, compared to its average volume of 802,158. The company has a market cap of $32.04 billion, a PE ratio of 10.70, a P/E/G ratio of 0.72 and a beta of 1.03. The business has a 50-day moving average of $24.26 and a 200-day moving average of $21.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $25.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PUK shares. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft raised shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays restated an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Citigroup reaffirmed a "buy" rating on shares of Prudential Public in a report on Tuesday, April 1st. Finally, Wall Street Zen raised shares of Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Prudential Public currently has an average rating of "Buy".

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.