Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Prudential Public Limited Company (NYSE:PUK)

Wealth Enhancement Advisory Services LLC reduced its holdings in Prudential Public Limited Company (NYSE:PUK - Free Report) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,148 shares of the financial services provider's stock after selling 20,294 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Prudential Public were worth $1,272,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in Prudential Public by 165.3% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 valued at $16,757,000 after purchasing an additional 965,985 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Prudential Public by 321.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock worth $19,713,000 after purchasing an additional 943,487 shares during the last quarter. Optiver Holding B.V. boosted its holdings in Prudential Public by 93.2% during the fourth quarter. Optiver Holding B.V. now owns 629,567 shares of the financial services provider's stock worth $10,035,000 after purchasing an additional 303,783 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Prudential Public in the 4th quarter valued at about $4,312,000. Institutional investors own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PUK shares. Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Deutsche Bank Aktiengesellschaft raised 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 Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Prudential Public in a report on Tuesday, April 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy".

Prudential Public Stock Performance

Prudential Public stock traded up $0.15 during mid-day trading on Friday, reaching $24.90. The company's stock had a trading volume of 626,557 shares, compared to its average volume of 1,061,430. 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 12-month low of $14.39 and a 12-month high of $25.58. The company has a market capitalization of $32.29 billion, a P/E ratio of 10.73, a PEG ratio of 0.71 and a beta of 1.03. The firm's fifty day moving average price is $23.27 and its two-hundred day moving average price is $19.86.

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.