Two Sigma Advisers LP bought a new position in Prudential plc (NYSE:PUK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 48,500 shares of the financial services provider's stock, valued at approximately $773,000.
Other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC grew its stake in Prudential by 6.4% in the 4th quarter. DAVENPORT & Co LLC now owns 90,796 shares of the financial services provider's stock valued at $1,447,000 after purchasing an additional 5,437 shares during the period. Advisors Preferred LLC purchased a new position in shares of Prudential in the 4th quarter worth about $31,000. Entropy Technologies LP bought a new position in Prudential during the fourth quarter valued at about $188,000. ABC Arbitrage SA purchased a new stake in Prudential during the fourth quarter worth about $16,207,000. Finally, Whipplewood Advisors LLC bought a new stake in Prudential in the fourth quarter worth about $30,000. 1.90% of the stock is owned by institutional investors.
Prudential Stock Performance
Prudential stock traded up $0.37 during mid-day trading on Thursday, reaching $23.54. The company's stock had a trading volume of 535,769 shares, compared to its average volume of 1,027,368. The firm's fifty day moving average price is $21.50 and its two-hundred day moving average price is $18.71. Prudential plc has a 12-month low of $14.39 and a 12-month high of $23.64. The company has a market capitalization of $30.64 billion, a P/E ratio of 10.14, a PEG ratio of 0.41 and a beta of 1.02.
Prudential Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th were given a $0.3258 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Prudential's previous dividend of $0.24. Prudential's payout ratio is 28.02%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PUK. Wall Street Zen raised shares of Prudential from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential in a research note on Tuesday, May 13th. Citigroup restated a "buy" rating on shares of Prudential in a research note on Tuesday, April 1st. Finally, Barclays reiterated an "overweight" rating on shares of Prudential in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on Prudential
Prudential Profile
(
Free Report)
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.
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