Pinnacle Wealth Planning Services Inc. Acquires New Shares in Prudential Public Limited Company $PUK

Key Points

• Pinnacle Wealth Planning Services Inc. acquired 17,239 shares of Prudential Public Limited Company, valued at approximately $371,000, in the first quarter of the year.
• Deutsche Bank upgraded Prudential Public from a "hold" to a "buy" rating, contributing to the stock's favorable consensus rating of "Buy" among five analysts.
• The company declared a dividend of $0.1542 per share, set to be paid on October 16th, signaling a dividend yield of 118.0%.

Pinnacle Wealth Planning Services Inc. acquired a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,239 shares of the financial services provider's stock, valued at approximately $371,000.

Several other large investors have also bought and sold shares of PUK. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 707 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of 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 valued at $59,000 after purchasing an additional 1,140 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Prudential Public during the first quarter valued at about $60,000. National Bank of Canada FI boosted its stake in shares of Prudential Public by 29.0% during the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 883 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of Prudential Public during the first quarter valued at about $88,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Public Stock Performance

Shares of NYSE PUK traded down $0.13 during trading on Wednesday, reaching $26.11. 894,990 shares of the stock traded hands, compared to its average volume of 972,161. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $27.20. 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 company has a 50-day moving average of $25.58 and a 200-day moving average of $22.74. The stock has a market capitalization of $33.63 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.

Prudential Public Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Friday, September 5th will be given a dividend of $0.1542 per share. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public's dividend payout ratio is currently 28.02%.

Wall Street Analysts Forecast Growth

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