Prudential plc (NYSE:PUK - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.38 and last traded at $24.32, with a volume of 665411 shares traded. The stock had previously closed at $23.79.
Analyst Upgrades and Downgrades
PUK has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded Prudential from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Morgan Stanley restated an "overweight" rating on shares of Prudential in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating on shares of Prudential in a research report on Thursday, May 22nd. Citigroup restated a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. Finally, Wall Street Zen upgraded Prudential from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Prudential has a consensus rating of "Buy".
Check Out Our Latest Stock Report on Prudential
Prudential Stock Performance
The company has a 50-day simple moving average of $22.02 and a 200-day simple moving average of $19.09. The stock has a market cap of $31.18 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.41 and a beta of 1.02.
Prudential Increases Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th were given a $0.3258 dividend. This is an increase from Prudential's previous dividend of $0.24. The ex-dividend date was Friday, March 28th. Prudential's payout ratio is presently 28.02%.
Hedge Funds Weigh In On Prudential
Several institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in Prudential by 86.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,709 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Prudential during the first quarter worth $371,000. Vident Advisory LLC bought a new stake in shares of Prudential during the first quarter worth $398,000. Evergreen Capital Management LLC raised its position in shares of Prudential by 20.0% during the first quarter. Evergreen Capital Management LLC now owns 16,840 shares of the financial services provider's stock worth $367,000 after acquiring an additional 2,810 shares during the last quarter. Finally, Causeway Capital Management LLC raised its position in shares of Prudential by 10.1% during the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider's stock worth $50,604,000 after acquiring an additional 216,828 shares during the last quarter. Institutional investors own 1.90% of the company's stock.
About Prudential
(
Get Free Report)
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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