Prudential plc (NYSE:PUK) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Prudential plc (NYSE:PUK - Free Report) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,442 shares of the financial services provider's stock after purchasing an additional 19,889 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Prudential were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Prudential by 62.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider's stock valued at $1,481,000 after buying an additional 35,811 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Prudential in the 4th quarter worth about $16,207,000. First Trust Advisors LP purchased a new stake in shares of Prudential in the 4th quarter worth about $228,000. Jane Street Group LLC lifted its position in shares of Prudential by 575.1% in the 4th quarter. Jane Street Group LLC now owns 72,470 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 61,735 shares during the period. Finally, US Bancorp DE lifted its position in shares of Prudential by 69.1% in the 4th quarter. US Bancorp DE now owns 15,588 shares of the financial services provider's stock worth $248,000 after purchasing an additional 6,368 shares during the period. Institutional investors own 1.90% of the company's stock.

Analysts Set New Price Targets

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

Prudential Stock Up 2.1%

Shares of Prudential stock traded up $0.51 during midday trading on Wednesday, hitting $24.30. The company had a trading volume of 1,273,180 shares, compared to its average volume of 1,040,423. The stock has a market cap of $31.63 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.41 and a beta of 1.02. The company has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $18.98. Prudential plc has a 12-month low of $14.39 and a 12-month high of $24.38.

Prudential Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, March 28th were given a dividend of $0.3258 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Prudential's previous dividend of $0.24. Prudential's payout ratio is presently 28.02%.

Prudential 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.