58,989 Prudential Public Limited Company $PUK Shares Sold by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners cut its Prudential stake by 57.4%, selling 58,989 shares in the third quarter and retaining 43,732 shares valued at approximately $1.08 million.
• Analyst sentiment remains moderately positive: Prudential has a consensus “Moderate Buy” rating and a $39.30 average price target, despite multiple firms maintaining or upgrading the stock to “Hold.”
• PUK shares opened at $23.69, near their 12-month low of $23.31 and below both their 50-day and 200-day moving averages. The company most recently reported quarterly earnings of $0.58 per share on $3.90 billion in revenue.

Mondrian Investment Partners LTD reduced its holdings in Prudential Public Limited Company (NYSE:PUK - Free Report) by 57.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,732 shares of the financial services provider's stock after selling 58,989 shares during the quarter. Mondrian Investment Partners LTD's holdings in Prudential Public were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in Prudential Public by 1.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 54,172 shares of the financial services provider's stock valued at $1,291,000 after buying an additional 843 shares during the period. Net Worth Advisory Group increased its stake in shares of Prudential Public by 14.1% during the 3rd quarter. Net Worth Advisory Group now owns 10,981 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 1,357 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Prudential Public by 746.3% during the 3rd quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider's stock worth $100,000 after acquiring an additional 3,560 shares during the period. Gradient Investments LLC lifted its holdings in shares of Prudential Public by 9.4% during the 3rd quarter. Gradient Investments LLC now owns 202,290 shares of the financial services provider's stock worth $5,005,000 after acquiring an additional 17,329 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Prudential Public during the 3rd quarter worth about $219,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Prudential Public from a "sell" rating to a "hold" rating in a research report on Saturday, October 17th. Berenberg Bank set a $39.30 price target on shares of Prudential Public and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Zacks Research raised shares of Prudential Public from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Prudential Public in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Prudential Public has a consensus rating of "Moderate Buy" and a consensus price target of $39.30.

Prudential Public Stock Down 1.3%

Shares of PUK opened at $23.69 on Friday. The stock's fifty day simple moving average is $25.96 and its 200 day simple moving average is $27.90. Prudential Public Limited Company has a twelve month low of $23.31 and a twelve month high of $34.03.

Prudential Public (NYSE:PUK - Get Free Report) last issued its earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $3.90 billion during the quarter. On average, sell-side analysts predict that Prudential Public Limited Company will post 2.31 earnings per share for the current year.

Prudential Public Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th were paid a dividend of $0.1776 per share. The ex-dividend date was Friday, September 11th. This represents a yield of 133.0%.

Prudential Public Company Profile

Prudential plc is a financial services group that provides life and health insurance, retirement solutions and related financial products. The company serves individual and institutional customers through offerings that can include protection, savings, investment-linked insurance and wellness services.

Prudential focuses primarily on markets in Asia and Africa, with operations and partnerships serving customers across a range of emerging and developed economies. Its asset-management business, Eastspring Investments, provides investment products and services to institutional and retail clients in selected markets.

Founded in London in 1848, Prudential has undergone significant strategic changes in recent years.

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