Prudential Public Limited Company $PUK Shares Sold by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. reduced its stake in Prudential Public Limited Company by 84.2%, currently owning 18,099 shares worth approximately $389,000.
• Several hedge funds have made significant changes to their positions in Prudential Public, with Brooklyn Investment Group increasing its holdings by 588.1% during the first quarter.
• Multiple analysts have upgraded Prudential's stock rating to "buy", with an average rating also classified as "buy" by MarketBeat.

Capital Fund Management S.A. lowered its stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 84.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,099 shares of the financial services provider's stock after selling 96,777 shares during the period. Capital Fund Management S.A.'s holdings in Prudential Public were worth $389,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC raised its stake in shares of Prudential Public by 70.4% during 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 buying an additional 1,140 shares during the last quarter. National Bank of Canada FI raised its position in shares of Prudential Public by 29.0% in the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock worth $84,000 after acquiring an additional 883 shares during the period. Allianz SE acquired a new position in shares of Prudential Public in the first quarter worth about $88,000. Cetera Trust Company N.A raised its position in shares of Prudential Public by 60.8% in the first 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 during the period. Finally, Brooklyn Investment Group raised its position in shares of Prudential Public by 588.1% in the first quarter. Brooklyn Investment Group now owns 6,076 shares of the financial services provider's stock worth $131,000 after acquiring an additional 5,193 shares during the period. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Price Performance

NYSE PUK traded up $0.40 during trading hours on Monday, hitting $26.63. 1,072,084 shares of the company's stock traded hands, compared to its average volume of 745,690. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $27.20. The company has a market capitalization of $34.30 billion, a PE ratio of 11.48, a PEG ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50-day moving average is $25.50 and its 200-day moving average is $22.66.

Prudential Public Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be paid a dividend of $0.1542 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public's dividend payout ratio is currently 12.07%.

Wall Street Analyst Weigh In

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

About Prudential Public

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.