Prudential plc (NYSE:PUK - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 148,400 shares, a decline of 24.1% from the March 15th total of 195,400 shares. Based on an average daily trading volume, of 866,700 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of Prudential
Institutional investors and hedge funds have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC grew its position in Prudential by 51.6% in the 4th quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 332 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Prudential by 53.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 379 shares in the last quarter. Belpointe Asset Management LLC grew its position in Prudential by 23.1% in the 1st quarter. Belpointe Asset Management LLC now owns 2,322 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 436 shares in the last quarter. Captrust Financial Advisors grew its position in Prudential by 10.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,023 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 482 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its position in Prudential by 5.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 10,031 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 483 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.
Prudential Price Performance
PUK traded down $0.54 on Friday, hitting $17.52. The company had a trading volume of 1,365,953 shares, compared to its average volume of 1,048,596. Prudential has a 1 year low of $17.51 and a 1 year high of $30.91. The company's fifty day moving average price is $19.95 and its 200 day moving average price is $21.10. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22.
Prudential Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, May 16th. Investors of record on Tuesday, April 2nd will be issued a $0.2842 dividend. This is a positive change from Prudential's previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Monday, April 1st.
About Prudential
(
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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.
Further Reading
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