12,535 Shares in Prudential Public Limited Company (NYSE:PUK) Bought by Allspring Global Investments Holdings LLC

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI grew its position in shares of 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 buying an additional 1,049 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in 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 during the last quarter. Cetera Trust Company N.A grew its holdings in Prudential Public by 60.8% during the 1st 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 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 4,205 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Prudential Public by 28.8% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Prudential Public Stock Performance

NYSE PUK traded down $0.30 during trading hours on Friday, hitting $24.73. The company had a trading volume of 610,848 shares, compared to its average volume of 1,074,711. The business has a 50 day moving average of $23.66 and a 200-day moving average of $20.26. The company has a market cap of $32.07 billion, a PE ratio of 10.66, a price-to-earnings-growth 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 debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04.

Prudential Public Company 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.