Nuveen LLC Takes $2.09 Million Position in Prudential Public Limited Company $PUK

Key Points

• Nuveen LLC acquired 97,044 shares of Prudential Public Limited Company, valued at approximately $2,086,000, in the first quarter of the year.
• The company has declared a dividend of $0.1542 per share with a yield of 118.0%, scheduled for payment on October 16th.
• Research analysts maintain a positive outlook on Prudential, with five rating the stock as a "Buy", while the average rating is also "Buy".

Nuveen LLC purchased a new position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 97,044 shares of the financial services provider's stock, valued at approximately $2,086,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Choreo LLC boosted its position in Prudential Public by 5.6% during the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 644 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Prudential Public by 7.9% in the 1st quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock worth $257,000 after acquiring an additional 877 shares during the period. National Bank of Canada FI increased its position in shares of Prudential Public by 29.0% during the first 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 during the period. Bruce G. Allen Investments LLC increased its position in shares of Prudential Public by 70.4% during the first 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 period. Finally, Parallel Advisors LLC raised its stake 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 valued at $154,000 after purchasing an additional 1,602 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PUK shares. Wall Street Zen lowered shares of Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday. Barclays reiterated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Prudential Public in a report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

Prudential Public Trading Down 0.9%

Shares of PUK stock traded down $0.23 on Wednesday, reaching $26.00. 600,628 shares of the stock were exchanged, compared to its average volume of 970,253. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $27.20. The stock has a 50 day moving average price of $25.58 and a 200 day moving average price of $22.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market cap of $33.50 billion, a PE ratio of 11.20, a P/E/G ratio of 0.75 and a beta of 1.04.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be issued a dividend of $0.1542 per share. The ex-dividend date is Friday, September 5th. This represents a yield of 118.0%. Prudential Public's dividend payout ratio is presently 28.02%.

About Prudential Public

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.