Prudential Public Limited Company $PUK Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Prudential Public Limited Company by 144.6%, acquiring a total of 76,542 shares valued at approximately $1.65 million.
• Multiple institutional investors have also raised their holdings in Prudential Public during the first quarter, including Choreo LLC and Pacer Advisors Inc., reflecting a growing interest in the stock.
• Prudential Public's stock is currently rated as a "Buy" by several brokerages, with a consensus rating of "Buy" from four analysts, signaling strong market confidence.

LPL Financial LLC lifted its holdings in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 144.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,542 shares of the financial services provider's stock after acquiring an additional 45,248 shares during the period. LPL Financial LLC's holdings in Prudential Public were worth $1,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Choreo LLC grew its position in shares of Prudential Public by 5.6% during the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock worth $259,000 after acquiring an additional 644 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Prudential Public by 7.9% during the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock worth $257,000 after purchasing an additional 877 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of Prudential Public by 70.4% during the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,140 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Prudential Public by 28.8% during the first quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,602 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in shares of Prudential Public by 60.8% during the first quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock worth $121,000 after purchasing an additional 2,125 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Price Performance

Prudential Public stock traded down $0.48 during midday trading on Wednesday, reaching $25.85. The company's stock had a trading volume of 895,549 shares, compared to its average volume of 864,415. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $27.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The stock's 50 day simple moving average is $25.41 and its 200 day simple moving average is $22.46. The firm has a market capitalization of $33.29 billion, a PE ratio of 11.14, a P/E/G ratio of 0.76 and a beta of 1.06.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PUK. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Wall Street Zen raised Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Prudential Public presently has a consensus rating of "Buy".

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.