Prudential Public Limited Company $PUK Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Prudential Public Limited Company by 8.4%, owning 246,254 shares valued at $5.29 million at the end of the reporting period.
• Prudential Public announced a dividend of $0.1542 per share with a yield of 118.0%, payable on October 16th, for stockholders on record as of September 5th.
• Several analysts upgraded Prudential Public’s stock rating to "buy", indicating positive market sentiment with four analysts rating the stock as a "buy".

American Century Companies Inc. lifted its position in Prudential Public Limited Company (NYSE:PUK - Free Report) by 8.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,254 shares of the financial services provider's stock after purchasing an additional 19,077 shares during the quarter. American Century Companies Inc.'s holdings in Prudential Public were worth $5,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Prudential Public during the 4th quarter valued at about $1,355,000. Mariner LLC raised its position in shares of Prudential Public by 14.1% in the 4th quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after acquiring an additional 2,514 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Prudential Public in the 4th quarter worth approximately $228,000. Aquatic Capital Management LLC purchased a new stake in shares of Prudential Public in the 4th quarter worth approximately $277,000. Finally, Northern Trust Corp grew its stake in shares of Prudential Public by 2.0% in the 4th quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock worth $27,636,000 after buying an additional 34,344 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PUK has been the topic of several recent analyst reports. Barclays reiterated an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Wall Street Zen cut Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, UBS Group restated a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential Public presently has a consensus rating of "Buy".

Prudential Public Stock Down 0.5%

NYSE:PUK traded down $0.13 during trading hours on Wednesday, reaching $26.11. The company's stock had a trading volume of 894,990 shares, compared to its average volume of 705,872. The stock has a 50 day moving average price of $25.60 and a two-hundred day moving average price of $22.76. The company has a market capitalization of $33.63 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. 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 Limited Company has a 12 month low of $14.39 and a 12 month high of $27.20.

Prudential Public Announces Dividend

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

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.