Vanguard Personalized Indexing Management LLC Acquires 9,912 Shares of Prudential Public Limited Company $PUK

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Prudential Public Limited Company by 22.5%, acquiring an additional 9,912 shares, bringing its total holdings to 54,043 shares valued at approximately $1.35 million.
• Several analysts have mixed ratings for Prudential, with firms like UBS Group issuing a "buy" rating and Wall Street Zen downgrading it to a "hold" rating, contributing to a consensus rating of "Moderate Buy".
• Prudential recently declared a dividend of $0.1542 per share, representing a remarkable dividend yield of 117.0%, with a dividend payout ratio of 12.50%.

Vanguard Personalized Indexing Management LLC lifted its holdings in Prudential Public Limited Company (NYSE:PUK - Free Report) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,043 shares of the financial services provider's stock after acquiring an additional 9,912 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Prudential Public were worth $1,352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Ballentine Partners LLC lifted its holdings in shares of Prudential Public by 2.4% in the 2nd quarter. Ballentine Partners LLC now owns 18,598 shares of the financial services provider's stock valued at $465,000 after acquiring an additional 430 shares during the last quarter. Choreo LLC lifted its stake in Prudential Public by 5.6% in the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock worth $259,000 after purchasing an additional 644 shares during the last quarter. Gallacher Capital Management LLC lifted its stake in Prudential Public by 4.5% in the second quarter. Gallacher Capital Management LLC now owns 16,269 shares of the financial services provider's stock worth $407,000 after purchasing an additional 706 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock worth $55,000 after purchasing an additional 707 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Prudential Public by 7.9% in the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock worth $257,000 after purchasing an additional 877 shares during the last quarter. Institutional investors own 1.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on PUK shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Prudential Public in a research note on Tuesday. Wall Street Zen downgraded shares of Prudential Public from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group reissued a "buy" rating on shares of Prudential Public in a research note on Thursday, August 28th. Finally, Barclays reissued an "overweight" rating on shares of Prudential Public in a research note on Monday, September 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Prudential Public Stock Performance

Shares of NYSE:PUK opened at $26.80 on Friday. The firm has a market cap of $34.36 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. The firm's 50 day simple moving average is $27.14 and its 200-day simple moving average is $24.51. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $28.32.

Prudential Public Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 16th. Stockholders of record on Friday, September 5th were given a dividend of $0.1542 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 117.0%. Prudential Public's dividend payout ratio (DPR) is 12.50%.

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.

Want to see what other hedge funds are holding PUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Public Limited Company (NYSE:PUK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.