M&T Bank Corp Grows Position in Prudential Public Limited Company $PUK

Key Points

• M&T Bank Corp boosted its stake in Prudential Public (NYSE: PUK) by 936.2% in Q4, adding 88,824 shares to reach 98,312 shares worth about $3.06 million.
• Prudential announced a dividend of $0.3778 per share payable May 13 (record/ex‑dividend date March 27), which the article reports as a 272.0% dividend yield.
• Wall Street’s consensus is a Moderate Buy (four Buy ratings, three Holds), and the stock trades near $30.60 with a 12‑month range of $20.69–$34.03.

M&T Bank Corp increased its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 936.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,312 shares of the financial services provider's stock after buying an additional 88,824 shares during the period. M&T Bank Corp's holdings in Prudential Public were worth $3,059,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC increased its stake in shares of Prudential Public by 3.8% during the fourth quarter. Merit Financial Group LLC now owns 18,668 shares of the financial services provider's stock worth $581,000 after buying an additional 690 shares during the period. PDS Planning Inc increased its stake in shares of Prudential Public by 7.7% during the fourth quarter. PDS Planning Inc now owns 9,115 shares of the financial services provider's stock worth $284,000 after buying an additional 650 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Prudential Public by 205.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,730 shares of the financial services provider's stock worth $116,000 after buying an additional 2,509 shares during the period. Choreo LLC increased its stake in shares of Prudential Public by 9.2% during the fourth quarter. Choreo LLC now owns 14,761 shares of the financial services provider's stock worth $463,000 after buying an additional 1,249 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of Prudential Public by 71.7% during the fourth quarter. Ritholtz Wealth Management now owns 34,343 shares of the financial services provider's stock worth $1,069,000 after buying an additional 14,344 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Stock Down 0.4%

Shares of PUK opened at $30.60 on Tuesday. 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 company's 50 day simple moving average is $29.81 and its 200-day simple moving average is $29.91. Prudential Public Limited Company has a 12-month low of $20.69 and a 12-month high of $34.03.

Prudential Public (NYSE:PUK - Get Free Report) last announced its earnings results on Saturday, February 14th. The financial services provider reported $25.85 earnings per share (EPS) for the quarter. The business had revenue of $7.59 billion for the quarter. Sell-side analysts expect that Prudential Public Limited Company will post 2.16 earnings per share for the current year.

Prudential Public Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, March 27th will be given a dividend of $0.3778 per share. The ex-dividend date is Friday, March 27th. This represents a dividend yield of 272.0%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Prudential Public in a research note on Wednesday, April 8th. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research note on Thursday. Zacks Research upgraded shares of Prudential Public from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a research note on Wednesday, January 7th. They set a "buy" rating on the stock. Finally, Jefferies Financial Group lowered shares of Prudential Public from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Prudential Public Company Profile

Prudential Public NYSE: PUK is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.

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