Prudential Public Limited Company $PUK Shares Sold by OLD Mission Capital LLC

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 lowered its stake in Prudential Public Limited Company (NYSE:PUK - Free Report) by 48.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 707 shares during the period. Bruce G. Allen Investments LLC lifted its stake in Prudential Public by 70.4% during the 1st 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 in the last quarter. SVB Wealth LLC purchased a new position in Prudential Public during the 1st quarter valued at about $60,000. National Bank of Canada FI grew its position in Prudential Public by 29.0% in the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 883 shares in the last quarter. Finally, Allianz SE purchased a new stake in Prudential Public during the first quarter worth about $88,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Prudential Public Stock Performance

PUK traded up $0.33 on Thursday, reaching $26.43. The company had a trading volume of 685,578 shares, compared to its average volume of 970,285. 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. The stock has a market capitalization of $34.04 billion, a PE ratio of 11.39, a P/E/G ratio of 0.75 and a beta of 1.04. The stock has a 50-day moving average price of $25.60 and a 200-day moving average price of $22.76.

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 paid a $0.1542 dividend. The ex-dividend date is Friday, September 5th. This represents a yield of 118.0%. Prudential Public's payout ratio is currently 12.07%.

About Prudential Public

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.