Oppenheimer Asset Management Inc. Buys 28,804 Shares of Prudential Public Limited Company (NYSE:PUK)

Oppenheimer Asset Management Inc. raised its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,958 shares of the financial services provider's stock after buying an additional 28,804 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Prudential Public were worth $2,988,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PUK. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Prudential Public in the 1st quarter worth about $216,000. QRG Capital Management Inc. purchased a new stake in shares of Prudential Public in the 1st quarter worth about $369,000. Janney Montgomery Scott LLC purchased a new stake in shares of Prudential Public in the 1st quarter worth about $201,000. GAMMA Investing LLC lifted its position in shares of Prudential Public by 182.6% in the 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock worth $140,000 after purchasing an additional 4,205 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Stock Down 1.2%

Prudential Public stock traded down $0.31 during trading hours on Friday, hitting $25.19. The stock had a trading volume of 1,120,821 shares, compared to its average volume of 1,059,056. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $32.66 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02. Prudential Public Limited Company has a 12-month low of $14.39 and a 12-month high of $25.58. The stock's 50-day moving average price is $22.96 and its 200-day moving average price is $19.67.

Analyst Ratings Changes

PUK has been the subject of several research reports. Barclays reiterated an "overweight" rating on shares of Prudential Public in a research note 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. Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup reiterated a "buy" rating on shares of Prudential Public in a research note on Tuesday, April 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Prudential Public currently has a consensus rating of "Buy".

Prudential Public 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.