Vident Advisory LLC Acquires New Holdings in Prudential Public Limited Company $PUK

Key Points

• Vident Advisory LLC acquired 18,513 shares of Prudential Public Limited Company (PUK) valued at approximately $398,000, marking a significant new investment in the financial services provider.
• Several other large investors have also increased their stakes in Prudential, with notable increases from Jane Street Group LLC and BNP Paribas Financial Markets.
• The company has recently announced a dividend of $0.1542 per share, which will be paid on October 16th, reflecting a high yield of 117.0%.

Vident Advisory LLC purchased a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,513 shares of the financial services provider's stock, valued at approximately $398,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Choreo LLC raised its position in Prudential Public by 5.6% during the 1st 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. Smartleaf Asset Management LLC increased its holdings in Prudential Public by 38.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 707 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Prudential Public by 7.9% during the 1st quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock valued at $257,000 after acquiring an additional 877 shares in the last quarter. National Bank of Canada FI increased its holdings in Prudential Public by 29.0% during the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 883 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PUK shares. Wall Street Zen downgraded shares of Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. 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 reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Monday. Finally, UBS Group reiterated a "buy" rating on shares of Prudential Public in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Prudential Public Price Performance

PUK stock traded down $0.19 during trading on Friday, hitting $27.85. The company had a trading volume of 667,207 shares, compared to its average volume of 731,095. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $28.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $35.82 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.80 and a beta of 1.04. The business has a 50 day moving average of $25.90 and a 200 day moving average of $23.20.

Prudential Public Dividend Announcement

The business also recently disclosed 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 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.