Oppenheimer Asset Management Inc. Has $2.99 Million Stake in Prudential Public Limited Company (NYSE:PUK)

Oppenheimer Asset Management Inc. raised its stake 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 and Exchange Commission. The firm owned 138,958 shares of the financial services provider's stock after buying an additional 28,804 shares during the quarter. 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 also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Prudential Public by 417.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,497 shares during the period. Whipplewood Advisors LLC bought a new position in Prudential Public during the fourth quarter worth about $30,000. National Bank of Canada FI lifted 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 acquiring an additional 1,049 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Prudential Public by 70.4% in the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,140 shares during the period. Finally, Cetera Trust Company N.A increased its holdings in shares of Prudential Public by 60.8% in the first quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock worth $121,000 after acquiring an additional 2,125 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Stock Performance

Shares of Prudential Public stock traded up $0.44 on Thursday, hitting $25.52. The stock had a trading volume of 1,167,850 shares, compared to its average volume of 1,054,600. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02. 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 twelve month low of $14.39 and a twelve month high of $25.90. The business's 50 day moving average is $22.78 and its two-hundred day moving average is $19.52.

Analysts Set New Price Targets

A number of brokerages have weighed in on PUK. Wall Street Zen raised shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Prudential Public in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company 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.