Envestnet Asset Management Inc. Buys 147,575 Shares of Prudential Public Limited Company (NYSE:PUK)

Envestnet Asset Management Inc. grew its stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 784,201 shares of the financial services provider's stock after acquiring an additional 147,575 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Prudential Public worth $16,860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PUK. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 acquiring an additional 19,889 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Prudential Public by 182.6% during the 1st 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 bought a new position in Prudential Public during the 1st quarter valued at about $272,000. Charles Schwab Investment Management Inc. grew its stake in Prudential Public by 62.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider's stock worth $1,481,000 after acquiring an additional 35,811 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Prudential Public during the first quarter valued at approximately $201,000. Institutional investors own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

PUK has been the topic of several recent analyst reports. Citigroup reiterated a "buy" rating on shares of Prudential Public in a report on Tuesday, April 1st. Wall Street Zen raised 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. Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Finally, Barclays reiterated an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Prudential Public currently has an average rating of "Buy".

Prudential Public Stock Performance

Prudential Public stock traded up $0.10 during mid-day trading on Monday, hitting $24.75. 723,334 shares of the company's stock traded hands, compared to its average volume of 1,075,702. 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 cap of $31.98 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 0.71 and a beta of 1.03. The firm has a 50 day simple moving average of $23.95 and a two-hundred day simple moving average of $20.60. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $25.58.

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.