Cerity Partners LLC Takes $369,000 Position in Prudential Public Limited Company (NYSE:PUK)

Key Points

• Cerity Partners LLC acquired a new position in Prudential Public Limited Company, purchasing 17,142 shares valued at approximately $369,000 in the 1st quarter.
• Multiple hedge funds, including JPMorgan Chase & Co. and Bank of Montreal, significantly increased their stakes in Prudential Public during the 4th quarter, indicating growing institutional interest.
• Analysts have shifted their ratings on Prudential Public, with multiple firms including Wall Street Zen and Deutsche Bank upgrading their ratings to "buy", contributing to a consensus rating of "Buy."

Cerity Partners LLC bought a new position in Prudential Public Limited Company (NYSE:PUK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,142 shares of the financial services provider's stock, valued at approximately $369,000.

Other hedge funds also recently bought and sold shares of the company. Northern Trust Corp grew its position 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. Bank of Montreal Can lifted its stake in Prudential Public by 165.3% in the fourth 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. boosted its holdings in Prudential Public by 321.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock valued at $19,713,000 after acquiring an additional 943,487 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 valued at $16,757,000 after purchasing an additional 965,985 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Prudential Public by 23.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider's stock worth $16,860,000 after purchasing an additional 147,575 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

Wall Street Analyst Weigh In

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

Prudential Public Stock Up 0.3%

Shares of Prudential Public stock opened at $25.23 on Friday. Prudential Public Limited Company has a 1 year low of $14.39 and a 1 year high of $25.58. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.72 and a beta of 1.03. The company has a 50-day moving average of $24.14 and a 200 day moving average of $20.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04.

Prudential Public Company 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.

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