OLD Mission Capital LLC Trims Holdings in Prudential Public Limited Company $PUK

Key Points

• OLD Mission Capital LLC has significantly reduced its stake in Prudential Public Limited Company by 48.2%, now holding 71,826 shares valued at approximately $1.54 million.
• The company recently declared a dividend of $0.1542 per share, set to be paid on October 16th, which yields 118.0%.
• Prudential Public has received a consensus Buy rating from several analysts, with Barclays and Morgan Stanley reiterating their positive outlook on the stock.

OLD Mission Capital LLC reduced its position in Prudential Public Limited Company (NYSE:PUK - Free Report) by 48.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,826 shares of the financial services provider's stock after selling 66,737 shares during the quarter. OLD Mission Capital LLC's holdings in Prudential Public were worth $1,544,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Causeway Capital Management LLC lifted its position in Prudential Public by 10.1% in the 1st quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider's stock worth $50,604,000 after buying an additional 216,828 shares during the last quarter. Northern Trust Corp raised its stake in shares of Prudential Public by 8.3% during the first quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider's stock worth $40,380,000 after acquiring an additional 144,354 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Prudential Public by 23.2% during the first quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider's stock worth $16,860,000 after acquiring an additional 147,575 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Prudential Public by 7.9% in the 1st quarter. Natixis Advisors LLC now owns 401,041 shares of the financial services provider's stock worth $8,622,000 after acquiring an additional 29,324 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Prudential Public by 15.5% in the 4th quarter. Millennium Management LLC now owns 356,748 shares of the financial services provider's stock valued at $5,687,000 after purchasing an additional 47,994 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PUK. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Wall Street Zen downgraded Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Barclays reissued an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Finally, UBS Group reiterated a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy".

Prudential Public Trading Up 0.3%

Shares of NYSE:PUK traded up $0.08 on Friday, hitting $26.37. The company had a trading volume of 564,321 shares, compared to its average volume of 968,778. The firm's 50-day simple moving average is $25.62 and its two-hundred day simple moving average is $22.82. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.73 and a beta of 1.04. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public Limited Company has a 1 year low of $14.39 and a 1 year high of $27.20.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Friday, September 5th will be given a dividend of $0.1542 per share. This represents a yield of 117.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public's payout ratio is presently 28.02%.

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.