Russell Investments Group Ltd. Grows Holdings in Prudential Public Limited Company $PUK

Key Points

• Russell Investments Group Ltd. increased its stake in Prudential Public Limited Company by 133.0%, owning 21,447 shares valued at approximately $461,000.
• Prudential Public announced a dividend of $0.1542 per share, with a dividend yield of 118.0% set to be paid on October 16th.
• The stock has received a mix of ratings from analysts, with UBS maintaining a "buy" rating and Wall Street Zen downgrading it from "buy" to "hold", resulting in an average rating of "buy".

Russell Investments Group Ltd. boosted its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 133.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,447 shares of the financial services provider's stock after acquiring an additional 12,244 shares during the period. Russell Investments Group Ltd.'s holdings in Prudential Public were worth $461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PUK. Raymond James Financial Inc. acquired a new position in Prudential Public during the 4th quarter worth approximately $1,355,000. Mariner LLC grew its holdings in Prudential Public by 14.1% during the 4th quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after acquiring an additional 2,514 shares in the last quarter. First Trust Advisors LP acquired a new position in Prudential Public during the 4th quarter worth approximately $228,000. Aquatic Capital Management LLC acquired a new position in Prudential Public during the 4th quarter worth approximately $277,000. Finally, Northern Trust Corp grew its holdings in Prudential Public by 2.0% during the 4th quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock worth $27,636,000 after acquiring an additional 34,344 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

PUK has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of Prudential Public from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. UBS Group restated a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Finally, Barclays restated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".

Prudential Public Stock Performance

PUK stock traded down $0.05 on Friday, hitting $26.40. The company's stock had a trading volume of 894,537 shares, compared to its average volume of 716,882. The firm has a 50 day moving average of $25.64 and a two-hundred day moving average of $22.87. Prudential Public Limited Company has a 1 year low of $14.39 and a 1 year high of $27.20. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. 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 Dividend Announcement

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

Prudential Public 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.