Prudential Public Limited Company $PUK Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Prudential Public Limited Company by 10.2%, acquiring an additional 9,479 shares during the first quarter, bringing its total holdings to 102,397 shares valued at approximately $2.202 million.
• Several institutional investors have made significant adjustments to their positions in Prudential Public, with Bruce G. Allen Investments increasing its stake by 70.4% and GAMMA Investing LLC raising its holdings by 182.6% in the same period.
• Prudential Public recently declared a dividend payment of $0.1542 per share, set to be distributed on October 16th, with an impressive yield of 118.0%.

Charles Schwab Investment Management Inc. raised its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,397 shares of the financial services provider's stock after buying an additional 9,479 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Prudential Public were worth $2,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in Prudential Public by 33.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 79,442 shares of the financial services provider's stock valued at $1,266,000 after buying an additional 19,889 shares in the last quarter. GAMMA Investing LLC raised its stake in Prudential Public by 182.6% during the first quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock valued at $140,000 after buying an additional 4,205 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Prudential Public during the first quarter valued at approximately $272,000. Janney Montgomery Scott LLC acquired a new stake in Prudential Public during the first quarter valued at approximately $201,000. Finally, First Trust Advisors LP acquired a new stake in Prudential Public during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 1.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on PUK shares. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Wall Street Zen lowered Prudential Public from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group restated a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Finally, Barclays restated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential Public currently has a consensus rating of "Buy".

Prudential Public Price Performance

Shares of NYSE:PUK traded down $0.28 during trading on Wednesday, reaching $25.95. The company had a trading volume of 578,294 shares, compared to its average volume of 970,158. The firm's fifty day moving average is $25.58 and its 200 day moving average is $22.74. The firm has a market capitalization of $33.42 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $27.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04.

Prudential Public Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Friday, September 5th will be given a dividend of $0.1542 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 118.0%. Prudential Public's dividend payout ratio (DPR) is 28.02%.

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.