Bank of America Corp DE Acquires 238,189 Shares of Prudential Public Limited Company $PUK

Key Points

• Bank of America increased its Prudential stake by 5.6% in the first quarter, adding 238,189 shares to hold 4.47 million shares valued at approximately $127.1 million.
• Several institutional investors also expanded their positions, including Morgan Stanley, Dimensional Fund Advisors, BNP Paribas Financial Markets, Tower Research Capital and Arrowstreet Capital. Institutional investors collectively own 1.90% of Prudential’s stock.
• Prudential shares opened at $27.86, within a 52-week range of $24.61 to $34.03. Analyst sentiment remains a “Moderate Buy”, with four Buy ratings and three Hold ratings, although some firms recently downgraded the stock to Hold.

Bank of America Corp DE lifted its stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,470,630 shares of the financial services provider's stock after purchasing an additional 238,189 shares during the quarter. Bank of America Corp DE owned 0.35% of Prudential Public worth $127,100,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in Prudential Public by 79.2% during the 4th quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider's stock valued at $151,442,000 after buying an additional 2,150,074 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Prudential Public by 63.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,585,685 shares of the financial services provider's stock valued at $80,499,000 after acquiring an additional 1,007,961 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Prudential Public by 99.9% during the second quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider's stock valued at $20,504,000 after acquiring an additional 409,517 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Prudential Public by 725.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 385,917 shares of the financial services provider's stock worth $9,656,000 after acquiring an additional 339,188 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Prudential Public by 13.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider's stock worth $68,157,000 after acquiring an additional 292,677 shares during the period. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Price Performance

Shares of Prudential Public stock opened at $27.86 on Friday. Prudential Public Limited Company has a 1 year low of $24.61 and a 1 year high of $34.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $27.81 and a two-hundred day simple moving average of $29.59.

Analyst Ratings Changes

A number of research firms have recently commented on PUK. Jefferies Financial Group lowered shares of Prudential Public from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a research report on Friday, May 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Prudential Public in a research note on Monday, July 6th. Finally, Zacks Research cut Prudential Public from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

About Prudential Public

Prudential Public NYSE: PUK is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.

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