Jane Street Group LLC Has $1.16 Million Stake in Prudential plc (NYSE:PUK)

Jane Street Group LLC grew its holdings in shares of Prudential plc (NYSE:PUK - Free Report) by 575.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC acquired a new stake in shares of Prudential during the 4th quarter worth $163,000. Crossmark Global Holdings Inc. lifted its position in Prudential by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider's stock worth $1,777,000 after purchasing an additional 935 shares during the period. Gradient Investments LLC lifted its position in Prudential by 32.8% during the fourth quarter. Gradient Investments LLC now owns 31,924 shares of the financial services provider's stock worth $509,000 after purchasing an additional 7,892 shares during the period. First Affirmative Financial Network grew its stake in Prudential by 54.5% during the fourth quarter. First Affirmative Financial Network now owns 16,724 shares of the financial services provider's stock worth $267,000 after buying an additional 5,897 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Prudential by 6.4% during the fourth quarter. DAVENPORT & Co LLC now owns 90,796 shares of the financial services provider's stock worth $1,447,000 after buying an additional 5,437 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.

Analyst Ratings Changes

PUK has been the subject of a number of recent analyst reports. StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Citigroup restated a "buy" rating on shares of Prudential in a research note on Tuesday, April 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Prudential Trading Down 1.6%

Shares of Prudential stock opened at $22.75 on Thursday. The firm's 50 day moving average is $21.13 and its 200 day moving average is $18.27. The firm has a market capitalization of $29.72 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.41 and a beta of 0.98. Prudential plc has a 1 year low of $14.39 and a 1 year high of $23.35.

Prudential Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th were paid a dividend of $0.3258 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Prudential's previous dividend of $0.24. Prudential's payout ratio is presently 28.02%.

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.

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.