Vestmark Advisory Solutions Inc. Acquires 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. boosted its holdings in Prudential Public Limited Company (NYSE:PUK - Free Report) by 127.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,754 shares of the financial services provider's stock after acquiring an additional 32,369 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Prudential Public were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Prudential Public in the fourth quarter valued at approximately $1,355,000. Mariner LLC boosted its stake in shares of Prudential Public by 14.1% in the 4th quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after buying an additional 2,514 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Prudential Public in the fourth quarter worth about $228,000. Tower Research Capital LLC TRC boosted its holdings in shares of Prudential Public by 45.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,910 shares of the financial services provider's stock valued at $652,000 after purchasing an additional 12,827 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Prudential Public during the 4th quarter valued at $4,312,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Public Trading Down 0.1%

Shares of Prudential Public stock traded down $0.0250 on Friday, hitting $26.9850. The stock had a trading volume of 376,969 shares, compared to its average volume of 978,486. The firm has a market capitalization of $34.76 billion, a P/E ratio of 11.62, a PEG ratio of 0.77 and a beta of 1.06. The stock has a 50 day moving average of $25.22 and a 200 day moving average of $22.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $27.20.

Wall Street Analyst Weigh In

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