17,239 Shares in Prudential Public Limited Company $PUK Bought by Pinnacle Wealth Planning Services Inc.

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) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,239 shares of the financial services provider's stock, valued at approximately $371,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Prudential Public by 38.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock worth $55,000 after purchasing an additional 707 shares during the period. Bruce G. Allen Investments LLC grew its holdings in 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 during the period. SVB Wealth LLC acquired a new stake in Prudential Public during the 1st quarter worth approximately $60,000. National Bank of Canada FI boosted its position in Prudential Public by 29.0% during the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock worth $84,000 after acquiring an additional 883 shares during the last quarter. Finally, Allianz SE acquired a new stake in Prudential Public in the 1st quarter valued at about $88,000. Institutional investors and hedge funds own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Prudential Public Stock Performance

Shares of PUK stock traded up $0.09 during mid-day trading on Friday, reaching $26.38. The stock had a trading volume of 564,321 shares, compared to its average volume of 968,778. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $27.20. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.73 and a beta of 1.04. The business's fifty day moving average is $25.62 and its 200-day moving average is $22.82.

Prudential Public Announces Dividend

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

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.