Cetera Investment Advisers Takes 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 purchased a new position in Prudential Public Limited Company (NYSE:PUK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,748 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other large investors have also bought and sold shares of PUK. Raymond James Financial Inc. acquired a new position in shares of Prudential Public during the fourth quarter valued at about $1,355,000. Mariner LLC grew its holdings in shares of Prudential Public by 14.1% during the fourth quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock valued at $325,000 after buying an additional 2,514 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Prudential Public during the fourth quarter valued at about $228,000. Tower Research Capital LLC TRC grew its holdings in shares of Prudential Public by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 40,910 shares of the financial services provider's stock valued at $652,000 after buying an additional 12,827 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Prudential Public during the fourth quarter valued at about $4,312,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PUK shares. Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Barclays reiterated an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Finally, Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

Prudential Public Trading Down 1.7%

Shares of PUK stock traded down $0.46 during mid-day trading on Tuesday, reaching $26.31. The stock had a trading volume of 634,226 shares, compared to its average volume of 867,032. The stock's 50-day moving average price is $25.37 and its two-hundred day moving average price is $22.44. The firm has a market capitalization of $33.89 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $27.20.

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.