Nuveen Asset Management LLC Sells 24,402 Shares of Prudential plc (NYSE:PUK)

Nuveen Asset Management LLC lowered its stake in Prudential plc (NYSE:PUK - Free Report) by 19.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 100,711 shares of the financial services provider's stock after selling 24,402 shares during the quarter. Nuveen Asset Management LLC's holdings in Prudential were worth $1,605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PUK. Smartleaf Asset Management LLC lifted its position in Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,497 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Prudential in the fourth quarter worth $30,000. Advisors Preferred LLC purchased a new stake in shares of Prudential in the fourth quarter worth $31,000. National Bank of Canada FI boosted its position in shares of Prudential by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,049 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Prudential during the fourth quarter valued at $169,000. Institutional investors own 1.90% of the company's stock.

Prudential Trading Up 1.3%

PUK stock traded up $0.30 during trading on Thursday, reaching $23.47. The stock had a trading volume of 746,334 shares, compared to its average volume of 1,028,088. Prudential plc has a 52 week low of $14.39 and a 52 week high of $23.64. The stock's 50 day moving average is $21.50 and its two-hundred day moving average is $18.71. The firm has a market cap of $30.55 billion, a PE ratio of 10.11, a PEG ratio of 0.41 and a beta of 1.02.

Prudential Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th were paid a $0.3258 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Prudential's previous dividend of $0.24. Prudential's dividend payout ratio (DPR) is 28.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays reaffirmed an "overweight" rating on shares of Prudential in a research report on Thursday, May 22nd. Wall Street Zen raised Prudential from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Citigroup reissued a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. Finally, Morgan Stanley reissued an "overweight" rating on shares of Prudential in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Prudential currently has a consensus rating of "Moderate Buy".

Prudential Company 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.