Two Sigma Investments LP lifted its holdings in Prudential plc (NYSE:PUK - Free Report) by 63.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,633 shares of the financial services provider's stock after buying an additional 119,069 shares during the quarter. Two Sigma Investments LP's holdings in Prudential were worth $4,904,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Prudential by 62.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider's stock valued at $1,481,000 after acquiring an additional 35,811 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Prudential in the fourth quarter valued at approximately $16,207,000. First Trust Advisors LP bought a new position in Prudential in the 4th quarter worth approximately $228,000. Jane Street Group LLC raised its position in Prudential by 575.1% in the 4th quarter. Jane Street Group LLC now owns 72,470 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 61,735 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Prudential by 69.1% during the 4th quarter. US Bancorp DE now owns 15,588 shares of the financial services provider's stock worth $248,000 after buying an additional 6,368 shares in the last quarter. 1.90% of the stock is owned by institutional investors.
Prudential Price Performance
Shares of Prudential stock traded down $0.03 on Friday, hitting $22.85. 695,560 shares of the company's stock traded hands, compared to its average volume of 1,032,708. The firm's 50-day moving average price is $21.41 and its two-hundred day moving average price is $18.60. The stock has a market capitalization of $29.75 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.41 and a beta of 0.98. Prudential plc has a one year low of $14.39 and a one year high of $23.35.
Prudential Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th were paid a $0.3258 dividend. This is a positive change from Prudential's previous dividend of $0.24. The ex-dividend date was Friday, March 28th. Prudential's dividend payout ratio is presently 28.02%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on PUK shares. Barclays reissued an "overweight" rating on shares of Prudential in a research note on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. Wall Street Zen raised Prudential from a "hold" rating to a "buy" rating in a report on Friday. Finally, Morgan Stanley restated an "overweight" rating on shares of Prudential in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Read Our Latest Report on PUK
About Prudential
(
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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