Jane Street Group LLC Boosts Stock Position in Prudential plc (NYSE:PUK)

Jane Street Group LLC boosted its stake in shares of Prudential plc (NYSE:PUK - Free Report) by 575.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,470 shares of the financial services provider's stock after purchasing an additional 61,735 shares during the period. Jane Street Group LLC's holdings in Prudential were worth $1,155,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Prudential by 2.0% during the 4th 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. Optiver Holding B.V. increased its stake in shares of Prudential by 93.2% in 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. Aquatic Capital Management LLC acquired a new stake in shares of Prudential during the 4th quarter valued at $277,000. Hsbc Holdings PLC acquired a new stake in shares of Prudential during the 4th quarter valued at $4,312,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Prudential by 45.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,910 shares of the financial services provider's stock valued at $652,000 after acquiring an additional 12,827 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Stock Performance

PUK traded up $0.24 during midday trading on Tuesday, reaching $22.68. 482,056 shares of the company were exchanged, compared to its average volume of 1,032,643. The company has a market cap of $29.63 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.41 and a beta of 0.98. The company's fifty day moving average price is $21.31 and its 200 day moving average price is $18.43. Prudential plc has a one year low of $14.39 and a one year high of $23.35.

Prudential Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, March 28th were paid a $0.3258 dividend. This is an increase from Prudential's previous dividend of $0.24. The ex-dividend date of this dividend was Friday, March 28th. Prudential's dividend payout ratio is presently 28.02%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays reissued an "overweight" rating on shares of Prudential in a report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Prudential in a research note on Tuesday, April 1st. Morgan Stanley reissued an "overweight" rating on shares of Prudential in a research note on Tuesday, May 13th. Finally, Wall Street Zen downgraded Prudential from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Prudential has an average rating of "Moderate Buy".

Prudential 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.