Allspring Global Investments Holdings LLC Makes New Investment in Prudential Public Limited Company (NYSE:PUK)

Allspring Global Investments Holdings LLC acquired a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,535 shares of the financial services provider's stock, valued at approximately $272,000.

Several other institutional investors also recently bought and sold shares of PUK. Northern Trust Corp boosted its position in shares of Prudential Public by 2.0% during the 4th quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock worth $27,636,000 after purchasing an additional 34,344 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Prudential Public by 165.3% during the 4th quarter. Bank of Montreal Can now owns 1,554,255 shares of the financial services provider's stock worth $24,775,000 after purchasing an additional 968,317 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Prudential Public by 321.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock worth $19,713,000 after purchasing an additional 943,487 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Prudential Public by 1,133.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock worth $16,757,000 after purchasing an additional 965,985 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of Prudential Public by 93.2% during the 4th quarter. Optiver Holding B.V. now owns 629,567 shares of the financial services provider's stock worth $10,035,000 after purchasing an additional 303,783 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Public Trading Down 1.5%

Shares of PUK stock traded down $0.37 during trading hours on Tuesday, hitting $24.77. 560,277 shares of the company were exchanged, compared to its average volume of 1,072,339. The firm has a market cap of $32.00 billion, a PE ratio of 10.67, a PEG ratio of 0.71 and a beta of 1.03. Prudential Public Limited Company has a 1 year low of $14.39 and a 1 year high of $25.58. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $23.73 and a 200 day moving average of $20.35.

Analyst Ratings Changes

PUK has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays reiterated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of Prudential Public in a research report on Tuesday, April 1st. Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Prudential Public presently 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.