GC Wealth Management RIA LLC Has $553,000 Holdings in Prudential Public Limited Company $PUK

Key Points

• GC Wealth Management RIA LLC reduced its holdings in Prudential Public Limited Company (PUK) by 30.3% during the second quarter, now owning 22,106 shares valued at approximately $553,000.
• Prudential recently announced a $0.1542 dividend to be paid on October 16th, with a yield of 117.0%, and a low payout ratio of 12.50%.
• Major institutions have shown interest, with companies like Two Sigma Advisers LP acquiring a new stake valued at approximately $773,000, while GAMMA Investing LLC grew its position by 5,975.6%.

GC Wealth Management RIA LLC lowered its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 30.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,106 shares of the financial services provider's stock after selling 9,624 shares during the quarter. GC Wealth Management RIA LLC's holdings in Prudential Public were worth $553,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PUK. Two Sigma Advisers LP acquired a new stake in shares of Prudential Public during the fourth quarter valued at approximately $773,000. Wealth Enhancement Advisory Services LLC grew its position 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 purchasing an additional 19,889 shares in the last quarter. GAMMA Investing LLC grew its position in Prudential Public by 5,975.6% during the first quarter. GAMMA Investing LLC now owns 139,922 shares of the financial services provider's stock valued at $3,008,000 after purchasing an additional 137,619 shares in the last quarter. Parallel Advisors LLC grew its position in Prudential Public by 28.8% during the first quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Prudential Public during the first quarter valued at approximately $265,000. Institutional investors and hedge funds own 1.90% of the company's stock.

Prudential Public Stock Performance

PUK stock opened at $27.94 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.80 and a beta of 1.04. Prudential Public Limited Company has a 12 month low of $14.39 and a 12 month high of $28.32. The firm has a 50 day moving average of $26.61 and a two-hundred day moving average of $23.96.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Friday, September 5th will be given a $0.1542 dividend. This represents a yield of 117.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public's payout ratio is currently 12.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PUK shares. UBS Group reaffirmed a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Monday, September 8th. Wall Street Zen downgraded shares of Prudential Public from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

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.

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