Compound Planning Inc. Purchases Shares of 14,743 Prudential Public Limited Company $PUK

Key Points

• Compound Planning Inc. has acquired 14,743 shares of Prudential Public Limited Company, valued at approximately $317,000, indicating growing interest from institutional investors in the financial services sector.
• Recent analyst ratings have been positive for Prudential, with Deutsche Bank upgrading its rating from "hold" to "buy," contributing to an overall average rating of "Buy" from multiple analysts.
• Despite a recent acquisition and positive analyst sentiment, Prudential Public's stock has experienced a 1.8% decline in value, with recent trading prices around $25.85.

Compound Planning Inc. purchased a new position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,743 shares of the financial services provider's stock, valued at approximately $317,000.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Prudential Public in the 4th quarter worth $1,355,000. Mariner LLC increased its holdings in Prudential Public by 14.1% during the 4th quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after purchasing an additional 2,514 shares in the last quarter. First Trust Advisors LP acquired a new stake in Prudential Public in the 4th quarter valued at approximately $228,000. Hsbc Holdings PLC bought a new stake in shares of Prudential Public in the fourth quarter worth $4,312,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Prudential Public during the 4th quarter worth about $277,000. Institutional investors and hedge funds own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PUK shares. 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 research report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Prudential Public Stock Down 1.8%

Shares of Prudential Public stock opened at $25.85 on Thursday. The stock's 50-day moving average is $25.41 and its 200 day moving average is $22.46. The firm has a market cap of $33.29 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.76 and a beta of 1.06. 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 Limited Company has a one year low of $14.39 and a one year high of $27.20.

Prudential Public 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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