Callan Capital LLC Purchases Shares of 10,244 Prudential Public Limited Company (NYSE:PUK)

Callan Capital LLC bought a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,244 shares of the financial services provider's stock, valued at approximately $220,000.

A number of other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its position in 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 during the last quarter. Bank of Montreal Can grew its holdings in 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 acquiring an additional 968,317 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 943,487 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in 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 acquiring an additional 965,985 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Prudential Public by 23.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider's stock worth $16,860,000 after acquiring an additional 147,575 shares during the period. 1.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Prudential Public Stock Down 1.4%

PUK stock traded down $0.35 during mid-day trading on Wednesday, reaching $24.77. 1,123,734 shares of the company traded hands, compared to its average volume of 1,068,996. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.70 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. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $25.58. The firm's 50 day moving average price is $23.45 and its 200 day moving average price is $20.08.

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.