QRG Capital Management Inc. Acquires Shares of 17,143 Prudential Public Limited Company (NYSE:PUK)

QRG Capital Management Inc. purchased a new position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,143 shares of the financial services provider's stock, valued at approximately $369,000.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Prudential Public by 417.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,497 shares during the period. Whipplewood Advisors LLC acquired a new stake in Prudential Public in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC increased its holdings in shares of Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,140 shares during the period. National Bank of Canada FI increased its holdings in shares of Prudential Public by 52.6% during the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after purchasing an additional 1,049 shares during the period. Finally, Cetera Trust Company N.A raised its position in shares of Prudential Public by 60.8% during the first quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider's stock valued at $121,000 after buying an additional 2,125 shares during the last quarter. 1.90% of the stock is owned by institutional investors.

Prudential Public Price Performance

PUK traded down $0.31 during midday trading on Friday, reaching $25.19. 1,120,812 shares of the company's stock were exchanged, compared to its average volume of 1,056,316. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $22.88 and a two-hundred day simple moving average of $19.58. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $25.63.

Analyst Ratings Changes

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