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 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,437 shares of the financial services provider's stock, valued at approximately $289,000.
Several other institutional investors and hedge funds also recently made changes to their positions in PUK. Northern Trust Corp lifted its stake in Prudential Public by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock worth $27,636,000 after purchasing an additional 34,344 shares during the last quarter. Bank of Montreal Can raised its position in shares of Prudential Public by 165.3% in the 4th quarter. Bank of Montreal Can now owns 1,554,255 shares of the financial services provider's stock worth $24,775,000 after acquiring an additional 968,317 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Prudential Public by 321.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock valued at $19,713,000 after buying an additional 943,487 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Prudential Public by 1,133.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock valued at $16,757,000 after buying an additional 965,985 shares during the period. Finally, Optiver Holding B.V. boosted its stake in Prudential Public by 93.2% during the 4th quarter. Optiver Holding B.V. now owns 629,567 shares of the financial services provider's stock valued at $10,035,000 after purchasing an additional 303,783 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.
Prudential Public Trading Down 1.5%
NYSE:PUK traded down $0.38 during mid-day trading on Tuesday, hitting $24.75. 779,195 shares of the stock traded hands, compared to its average volume of 1,073,064. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.71 and a beta of 1.03. Prudential Public Limited Company has a 52 week low of $14.39 and a 52 week high of $25.58. The firm's 50 day moving average is $23.73 and its two-hundred day moving average is $20.35. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.
Analyst Ratings Changes
PUK has been the topic of a number of research reports. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Citigroup reissued a "buy" rating on shares of Prudential Public in a research note on Tuesday, April 1st. Finally, Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on Prudential Public
About Prudential Public
(
Free Report)
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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