Natixis Advisors LLC Acquires 29,324 Shares of Prudential Public Limited Company (NYSE:PUK)

Key Points

• Natixis Advisors LLC increased its stake in Prudential Public Limited Company, holding $8.62 million worth of shares after acquiring 29,324 additional shares in the first quarter.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC and GAMMA Investing LLC, have significantly increased their positions in Prudential, indicating growing confidence in the company's stock.
• Multiple brokerages have upgraded Prudential's stock rating to "buy," with a consensus rating of "Buy" from five investment analysts, reflecting positive sentiment in the market.

Natixis Advisors LLC raised its position in Prudential Public Limited Company (NYSE:PUK - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,041 shares of the financial services provider's stock after purchasing an additional 29,324 shares during the period. Natixis Advisors LLC's holdings in Prudential Public were worth $8,622,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in Prudential Public by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after purchasing an additional 1,049 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in 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 acquiring an additional 1,140 shares during the period. Cetera Trust Company N.A increased its holdings in Prudential Public by 60.8% in the 1st quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock valued at $121,000 after buying an additional 2,125 shares during the period. GAMMA Investing LLC increased its holdings in Prudential Public by 182.6% in the 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock valued at $140,000 after buying an additional 4,205 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Prudential Public by 28.8% in the 1st quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,602 shares during the period. Institutional investors own 1.90% of the company's stock.

Prudential Public Stock Performance

NYSE:PUK traded down $0.01 on Friday, reaching $25.96. 406,749 shares of the company's stock were exchanged, compared to its average volume of 994,947. The stock has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $21.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.75 and a beta of 1.06. Prudential Public Limited Company has a 52 week low of $14.39 and a 52 week high of $26.09.

Analyst Ratings Changes

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