LPL Financial LLC Increases Position in Prudential Public Limited Company $PUK

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 boosted its holdings in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 144.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,542 shares of the financial services provider's stock after buying an additional 45,248 shares during the period. LPL Financial LLC's holdings in Prudential Public were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Prudential Public during the fourth quarter valued at about $1,355,000. Mariner LLC grew its position in Prudential Public by 14.1% during the 4th quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after purchasing an additional 2,514 shares during the last quarter. First Trust Advisors LP acquired a new position in Prudential Public during the 4th quarter valued at approximately $228,000. Tower Research Capital LLC TRC raised its holdings in shares of Prudential Public by 45.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,910 shares of the financial services provider's stock worth $652,000 after buying an additional 12,827 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Prudential Public during the fourth quarter worth $4,312,000. Institutional investors and hedge funds own 1.90% of the company's stock.

Wall Street Analyst Weigh In

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

Prudential Public Price Performance

Shares of NYSE:PUK traded down $0.29 during trading on Monday, reaching $26.77. The stock had a trading volume of 502,042 shares, compared to its average volume of 976,748. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $27.20. The stock has a market cap of $34.49 billion, a PE ratio of 11.54, a PEG ratio of 0.78 and a beta of 1.06. The business has a fifty day moving average price of $25.28 and a 200-day moving average price of $22.34.

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.