Wealth Alliance LLC Takes Position in Prudential Public Limited Company (NYSE:PUK)

Wealth Alliance LLC bought a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,288 shares of the financial services provider's stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Prudential Public by 2.0% in the 4th quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock valued at $27,636,000 after buying an additional 34,344 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Prudential Public by 165.3% in the 4th quarter. Bank of Montreal Can now owns 1,554,255 shares of the financial services provider's stock worth $24,775,000 after acquiring an additional 968,317 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Prudential Public by 321.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock worth $19,713,000 after acquiring an additional 943,487 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Prudential Public by 1,133.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock worth $16,757,000 after acquiring an additional 965,985 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Prudential Public by 23.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider's stock worth $16,860,000 after acquiring an additional 147,575 shares during the period. Institutional investors and hedge funds own 1.90% of the company's stock.

Prudential Public Price Performance

Prudential Public stock opened at $24.63 on Monday. 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 capitalization of $31.83 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $25.58. The business has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $20.60.

Wall Street Analyst Weigh In

PUK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Citigroup reiterated a "buy" rating on shares of Prudential Public in a research report on Tuesday, April 1st. Barclays restated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

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.

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