LPL Financial LLC lessened its stake in Prudential plc (NYSE:PUK - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,294 shares of the financial services provider's stock after selling 14,722 shares during the period. LPL Financial LLC's holdings in Prudential were worth $499,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,497 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Prudential during the fourth quarter valued at approximately $30,000. Advisors Preferred LLC purchased a new stake in Prudential in the fourth quarter worth about $31,000. GAMMA Investing LLC boosted its stake in shares of Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Prudential in the 4th quarter worth $163,000. Institutional investors own 1.90% of the company's stock.
Prudential Trading Down 2.1 %
PUK traded down $0.46 on Wednesday, reaching $21.23. The stock had a trading volume of 666,558 shares, compared to its average volume of 1,025,373. Prudential plc has a 12-month low of $14.39 and a 12-month high of $22.01. The business's 50-day moving average price is $20.05 and its two-hundred day moving average price is $17.70. The company has a market cap of $27.73 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00.
Prudential Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.3258 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Prudential's previous dividend of $0.24. Prudential's payout ratio is 28.02%.
Analyst Upgrades and Downgrades
PUK has been the subject of a number of recent analyst reports. Citigroup reissued a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".
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Prudential Profile
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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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