Prudential (NYSE:PUK) Upgraded at Wall Street Zen

Prudential (NYSE:PUK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other analysts have also recently issued reports on PUK. Barclays reissued an "overweight" rating on shares of Prudential in a research report on Thursday, May 22nd. Morgan Stanley reissued an "overweight" rating on shares of Prudential in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft raised Prudential from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Citigroup reissued a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Prudential currently has an average rating of "Buy".

Prudential Stock Performance

Shares of PUK stock opened at $23.74 on Friday. Prudential has a 1 year low of $14.39 and a 1 year high of $23.77. The stock has a market cap of $30.91 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.41 and a beta of 1.02. The business's fifty day moving average is $21.58 and its 200-day moving average is $18.81.

Hedge Funds Weigh In On Prudential

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in Prudential by 417.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,497 shares during the period. Whipplewood Advisors LLC bought a new position in Prudential during the fourth quarter valued at about $30,000. Advisors Preferred LLC bought a new position in Prudential during the fourth quarter valued at about $31,000. National Bank of Canada FI boosted its holdings in Prudential by 52.6% during 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 purchasing an additional 1,049 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in Prudential by 70.4% during the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 1,140 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Prudential Company 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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