Concurrent Investment Advisors LLC Acquires Shares of 13,437 Prudential Public Limited Company (NYSE:PUK)

Concurrent Investment Advisors LLC acquired a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,437 shares of the financial services provider's stock, valued at approximately $289,000.

Several other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Prudential Public by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 61,827 shares of the financial services provider's stock valued at $1,329,000 after acquiring an additional 4,837 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in Prudential Public in the 1st quarter valued at $320,000. Allspring Global Investments Holdings LLC bought a new position in Prudential Public in the 1st quarter valued at $272,000. Oppenheimer Asset Management Inc. grew its position in Prudential Public by 26.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 138,958 shares of the financial services provider's stock valued at $2,988,000 after acquiring an additional 28,804 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Prudential Public in the 1st quarter valued at $216,000. Institutional investors own 1.90% of the company's stock.

Prudential Public Trading Down 1.2%

Shares of NYSE PUK opened at $24.73 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $32.07 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $25.58. The business has a fifty day moving average price of $23.66 and a 200 day moving average price of $20.23.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PUK. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Citigroup reiterated a "buy" rating on shares of Prudential Public in a report on Tuesday, April 1st. Finally, Barclays reiterated an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, Prudential Public 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.