Wealth Enhancement Advisory Services LLC Cuts Position in Prudential Public Limited Company $PUK

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Prudential Public Limited Company by 33.4%, selling 19,768 shares during the second quarter.
• Prudential Public recently announced a dividend of $0.1542, which will be paid on October 16th, representing an impressive yield of 117.0%.
• Several analysts have recently changed their ratings on Prudential Public, with Wall Street Zen downgrading the stock from "buy" to "hold," while Barclays and UBS maintaining "buy" ratings.

Wealth Enhancement Advisory Services LLC decreased its position in Prudential Public Limited Company (NYSE:PUK - Free Report) by 33.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,380 shares of the financial services provider's stock after selling 19,768 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Prudential Public were worth $980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Choreo LLC increased its position in shares of Prudential Public by 5.6% during the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock worth $259,000 after acquiring an additional 644 shares during the period. Gallacher Capital Management LLC increased its position in shares of Prudential Public by 4.5% during the second quarter. Gallacher Capital Management LLC now owns 16,269 shares of the financial services provider's stock worth $407,000 after acquiring an additional 706 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Prudential Public by 38.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock worth $55,000 after acquiring an additional 707 shares during the period. Pacer Advisors Inc. increased its position in shares of Prudential Public by 7.9% during the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock worth $257,000 after acquiring an additional 877 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Prudential Public by 29.0% during the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock worth $84,000 after acquiring an additional 883 shares during the period. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Price Performance

NYSE PUK opened at $28.12 on Thursday. Prudential Public Limited Company has a 1 year low of $14.39 and a 1 year high of $28.32. The company has a market capitalization of $36.10 billion, a PE ratio of 12.12, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a fifty day moving average of $26.67 and a two-hundred day moving average of $23.98.

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 paid a $0.1542 dividend. This represents a yield of 117.0%. The ex-dividend date is Friday, September 5th. Prudential Public's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PUK shares. Wall Street Zen lowered Prudential Public from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, UBS Group reiterated a "buy" rating on shares of Prudential Public in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

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.

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