Vestmark Advisory Solutions Inc. Buys 32,369 Shares of Prudential Public Limited Company $PUK

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its holdings in Prudential Public Limited Company by 127.5%, acquiring an additional 32,369 shares, bringing its total to 57,754 shares valued at $1,242,000.
• Multiple institutional investors, including Choreo LLC and National Bank of Canada FI, also raised their stakes in Prudential Public during the same quarter, indicating increased investor interest.
• Analysts upgraded Prudential Public from "hold" to "buy" ratings, with a consensus rating of "Buy" among five analysts, signaling positive sentiment for the stock's future performance.

Vestmark Advisory Solutions Inc. lifted its position in Prudential Public Limited Company (NYSE:PUK - Free Report) by 127.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,754 shares of the financial services provider's stock after buying an additional 32,369 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Prudential Public were worth $1,242,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Choreo LLC lifted its holdings in shares of Prudential Public by 5.6% during the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock worth $259,000 after buying an additional 644 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Prudential Public by 7.9% during the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock worth $257,000 after buying an additional 877 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Prudential Public by 29.0% during the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock worth $84,000 after buying an additional 883 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Prudential Public by 70.4% during the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after buying an additional 1,140 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Prudential Public by 28.8% during the first quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider's stock worth $154,000 after buying an additional 1,602 shares during the last quarter. Institutional investors own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PUK shares. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a report on Tuesday, May 13th. Finally, Barclays restated an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Prudential Public Stock Performance

Shares of NYSE PUK traded up $0.1350 during trading hours on Wednesday, reaching $26.6950. The stock had a trading volume of 695,855 shares, compared to its average volume of 984,202. The business's fifty day moving average is $25.12 and its two-hundred day moving average is $22.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.77 and a beta of 1.06. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $26.98.

Prudential Public 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.