Cetera Investment Advisers Takes $274,000 Position in Prudential Public Limited Company $PUK

Key Points

• Cetera Investment Advisers has acquired a new stake in Prudential Public Limited Company, purchasing 12,748 shares valued at approximately $274,000.
• Multiple institutional investors have increased their holdings in Prudential Public, with Madison Asset Management boosting its stake by 8.5%, now owning shares worth $2,806,000.
• Analysts have given Prudential Public an average rating of "Buy", with several firms upgrading their ratings in the past month.

Cetera Investment Advisers acquired a new stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,748 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other large investors have also recently bought and sold shares of PUK. Madison Asset Management LLC boosted its stake in Prudential Public by 8.5% in the first quarter. Madison Asset Management LLC now owns 130,531 shares of the financial services provider's stock valued at $2,806,000 after acquiring an additional 10,254 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Prudential Public during the 1st quarter valued at approximately $741,000. Choreo LLC increased its position in Prudential Public by 5.6% in the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock worth $259,000 after buying an additional 644 shares during the period. Gallacher Capital Management LLC increased its position in Prudential Public by 16.8% in the first quarter. Gallacher Capital Management LLC now owns 15,563 shares of the financial services provider's stock worth $335,000 after buying an additional 2,233 shares during the period. Finally, Wealth Alliance LLC bought a new stake in Prudential Public in the first quarter valued at $716,000. Institutional investors own 1.90% of the company's stock.

Prudential Public Trading Up 0.5%

Shares of Prudential Public stock opened at $26.6950 on Thursday. The business has a fifty day simple moving average of $25.16 and a 200-day simple moving average of $22.12. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $26.98. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays restated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

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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