US Bancorp DE Has $558,000 Holdings in Prudential Public Limited Company (NYSE:PUK)

Key Points

• US Bancorp DE has increased its stake in Prudential Public Limited Company by 66.6%, acquiring an additional 10,380 shares, bringing its total holdings to 25,968 shares valued at $558,000.
• Multiple institutional investors, including Choreo LLC and Pacer Advisors Inc., have also boosted their stakes in Prudential, with 1.90% of the stock currently owned by institutional investors.
• Brokerages have recently upgraded Prudential's rating to "buy", with a consensus rating of "Buy" from five equities research analysts.

US Bancorp DE boosted its position in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) by 66.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,968 shares of the financial services provider's stock after acquiring an additional 10,380 shares during the quarter. US Bancorp DE's holdings in Prudential Public were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in Prudential Public by 2.0% during the fourth 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. Envestnet Asset Management Inc. raised its position in shares of Prudential Public by 23.2% in the first quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider's stock valued at $16,860,000 after purchasing an additional 147,575 shares during the period. Optiver Holding B.V. raised its position in shares of Prudential Public by 93.2% in the fourth quarter. Optiver Holding B.V. now owns 629,567 shares of the financial services provider's stock valued at $10,035,000 after purchasing an additional 303,783 shares during the period. Natixis Advisors LLC raised its position in shares of Prudential Public by 7.9% in the first quarter. Natixis Advisors LLC now owns 401,041 shares of the financial services provider's stock valued at $8,622,000 after purchasing an additional 29,324 shares during the period. Finally, Millennium Management LLC raised its position in shares of Prudential Public by 15.5% in the fourth quarter. Millennium Management LLC now owns 356,748 shares of the financial services provider's stock valued at $5,687,000 after purchasing an additional 47,994 shares during the period. 1.90% of the stock is owned by institutional investors.

Prudential Public Stock Performance

Shares of PUK stock traded down $0.30 on Friday, hitting $26.66. The company's stock had a trading volume of 632,139 shares, compared to its average volume of 835,697. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The stock's 50 day moving average is $25.01 and its 200-day moving average is $21.95. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $26.98. The company has a market capitalization of $34.37 billion, a PE ratio of 11.49, a PEG ratio of 0.77 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Deutsche Bank Aktiengesellschaft raised shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays reissued an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

About Prudential Public

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.