XTX Topco Ltd Purchases Shares of 26,719 Prudential Public Limited Company (NYSE:PUK)

XTX Topco Ltd acquired a new stake in Prudential Public Limited Company (NYSE:PUK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,719 shares of the financial services provider's stock, valued at approximately $574,000.

A number of other hedge funds have also recently added to or reduced their stakes in PUK. JPMorgan Chase & Co. grew its stake in 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 valued at $19,713,000 after acquiring an additional 943,487 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Prudential Public in the fourth quarter valued at $305,000. National Bank of Canada FI raised its stake in shares of Prudential Public by 52.6% in the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,049 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Prudential Public by 47.8% in the fourth quarter. Quadrant Capital Group LLC now owns 12,595 shares of the financial services provider's stock valued at $201,000 after buying an additional 4,076 shares during the period. Finally, Bank of Montreal Can grew its position in shares of 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 valued at $24,775,000 after purchasing an additional 968,317 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PUK. Barclays reiterated an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. 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. Finally, Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Prudential Public presently has a consensus rating of "Buy".

Prudential Public Price Performance

Prudential Public stock traded down $0.05 during midday trading on Friday, hitting $25.91. 576,834 shares of the company's stock were exchanged, compared to its average volume of 873,923. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $26.09. The stock has a 50-day moving average price of $24.68 and a two-hundred day moving average price of $21.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $33.42 billion, a P/E ratio of 11.17, a PEG ratio of 0.75 and a beta of 1.06.

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.