Prudential (NYSE:PUK) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Prudential (NYSE:PUK - Get Free Report) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a note issued to investors on Friday,Briefing.com Automated Import reports.

Other analysts also recently issued reports about the stock. Barclays reaffirmed an "overweight" rating on shares of Prudential in a report on Thursday, May 22nd. Wall Street Zen raised Prudential from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential in a research report on Tuesday, May 13th. Finally, Citigroup reissued a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Prudential Price Performance

NYSE PUK opened at $23.47 on Friday. The company's 50 day simple moving average is $21.54 and its two-hundred day simple moving average is $18.76. Prudential has a 1 year low of $14.39 and a 1 year high of $23.80. The stock has a market capitalization of $30.55 billion, a PE ratio of 10.11, a P/E/G ratio of 0.41 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PUK. Causeway Capital Management LLC boosted its holdings in Prudential by 10.1% during the 1st quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider's stock valued at $50,604,000 after acquiring an additional 216,828 shares during the period. Northern Trust Corp lifted its position in Prudential by 8.3% in the first quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider's stock valued at $40,380,000 after purchasing an additional 144,354 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Prudential by 165.3% during 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of Prudential by 321.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock worth $19,713,000 after purchasing an additional 943,487 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Prudential by 1,133.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock worth $16,757,000 after purchasing an additional 965,985 shares during the last quarter. 1.90% of the stock is owned by institutional investors.

About Prudential

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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