AMG National Trust Bank Acquires 61,663 Shares of Prudential Public Limited Company (NYSE:PUK)

AMG National Trust Bank boosted its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 83.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,570 shares of the financial services provider's stock after purchasing an additional 61,663 shares during the period. AMG National Trust Bank's holdings in Prudential Public were worth $2,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its position in shares of Prudential Public by 52.6% during the 4th 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 during the period. Bruce G. Allen Investments LLC increased its stake in shares of Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,140 shares during the last quarter. Parallel Advisors LLC increased its stake 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 acquiring an additional 1,602 shares during the last quarter. Cetera Trust Company N.A increased its stake in shares of Prudential Public by 60.8% in the 1st quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock valued at $121,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Prudential Public by 10.2% in the 1st quarter. Signaturefd LLC now owns 26,100 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 2,426 shares during the period. 1.90% of the stock is owned by institutional investors.

Prudential Public Price Performance

Shares of PUK stock traded up $0.10 on Monday, reaching $24.75. The company had a trading volume of 723,334 shares, compared to its average volume of 1,075,702. The stock has a market capitalization of $31.98 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. 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 business's 50-day moving average is $23.95 and its 200 day moving average is $20.60. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $25.58.

Analyst Ratings Changes

A number of research analysts have weighed in on PUK shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a research note on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Wall Street Zen raised Prudential Public from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Citigroup restated a "buy" rating on shares of Prudential Public in a report on Tuesday, April 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company 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.