QRG Capital Management Inc. Increases Stock Position in Prudential Public Limited Company $PUK

Key Points

• QRG Capital Management boosted its stake in Prudential Public by 1,036.4% in Q4, adding 118,829 shares to hold 130,295 shares valued at $4.055 million.
• Prudential Public stock opened at $32.42, trading up 7.2% and sitting near its 12‑month high of $34.03 (12‑month low $21.86) with 50‑ and 200‑day SMAs around $29.82 and $30.03.
• The company declared a $0.3778 dividend payable May 13 (record date Mar 27) with an indicated yield of 272.0%, while analysts hold a consensus rating of Moderate Buy (four Buys, three Holds) after recent rating changes.

QRG Capital Management Inc. lifted its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 1,036.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,295 shares of the financial services provider's stock after purchasing an additional 118,829 shares during the period. QRG Capital Management Inc.'s holdings in Prudential Public were worth $4,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Prudential Public by 241.5% in the 3rd quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider's stock valued at $83,936,000 after buying an additional 2,120,580 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Prudential Public by 99.9% in the second quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider's stock valued at $20,504,000 after acquiring an additional 409,517 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Prudential Public by 41.6% in the third quarter. Optiver Holding B.V. now owns 1,245,566 shares of the financial services provider's stock valued at $34,863,000 after acquiring an additional 365,883 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Prudential Public by 725.9% during the second quarter. Tower Research Capital LLC TRC now owns 385,917 shares of the financial services provider's stock valued at $9,656,000 after acquiring an additional 339,188 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Prudential Public by 22.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,577,724 shares of the financial services provider's stock valued at $44,176,000 after acquiring an additional 287,420 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Trading Up 7.2%

Prudential Public stock opened at $32.42 on Thursday. The business's 50 day simple moving average is $29.82 and its 200 day simple moving average is $30.03. Prudential Public Limited Company has a 12 month low of $21.86 and a 12 month high of $34.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public (NYSE:PUK - Get Free Report) last issued its earnings results on Saturday, February 14th. The financial services provider reported $25.85 earnings per share (EPS) for the quarter. The firm had revenue of $7.59 billion during the quarter. As a group, research analysts expect that Prudential Public Limited Company will post 2.16 EPS for the current fiscal year.

Prudential Public Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 13th. Investors of record on Friday, March 27th will be paid a $0.3778 dividend. This represents a yield of 272.0%. The ex-dividend date is Friday, March 27th.

Analyst Ratings Changes

PUK has been the topic of several research analyst reports. Jefferies Financial Group cut Prudential Public from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 22nd. Zacks Research raised Prudential Public from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a report on Wednesday, January 7th. They issued a "buy" rating on the stock. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research report on Thursday, April 23rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Prudential Public in a report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

About Prudential Public

Prudential Public NYSE: PUK is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.

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