Valeo Financial Advisors LLC Acquires Shares of 9,657 Prudential Public Limited Company $PUK

Key Points

• Valeo Financial Advisors LLC acquired 9,657 shares of Prudential Public Limited Company, valued at approximately $242,000, during the second quarter.
• Prudential's stock has an average rating of "Moderate Buy" from analysts, with five ratings for Buy and one for Hold.
• The company announced a dividend of $0.1542 per share, with an upcoming payment date on October 16th, reflecting a yield of 117.0%.

Valeo Financial Advisors LLC acquired a new stake in shares of Prudential Public Limited Company (NYSE:PUK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,657 shares of the financial services provider's stock, valued at approximately $242,000.

Other large investors have also recently modified their holdings of the company. Merit Financial Group LLC purchased a new position in Prudential Public during the first quarter worth $265,000. Park Avenue Securities LLC lifted its holdings in shares of Prudential Public by 65.7% in the 1st quarter. Park Avenue Securities LLC now owns 21,051 shares of the financial services provider's stock worth $453,000 after acquiring an additional 8,350 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Prudential Public by 182.6% in the 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider's stock worth $140,000 after acquiring an additional 4,205 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Prudential Public in the 1st quarter worth about $201,000. Finally, QRG Capital Management Inc. purchased a new stake in Prudential Public in the 1st quarter worth about $369,000. Institutional investors own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PUK. UBS Group reissued a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Wall Street Zen cut Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Barclays restated an "overweight" rating on shares of Prudential Public in a report on Monday, September 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Prudential Public in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Prudential Public Stock Down 1.1%

Shares of NYSE PUK opened at $26.80 on Friday. The firm has a market cap of $34.42 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $28.32. The business has a fifty day simple moving average of $27.00 and a two-hundred day simple moving average of $24.32.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.1542 per share. This represents a yield of 117.0%. The ex-dividend date is Friday, September 5th. Prudential Public's dividend payout ratio is presently 12.50%.

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.

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