Prudential plc (NYSE:PUK) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in Prudential plc (NYSE:PUK - Free Report) by 46.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,399 shares of the financial services provider's stock after selling 58,371 shares during the period. Wells Fargo & Company MN's holdings in Prudential were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PUK. JPMorgan Chase & Co. increased its stake in shares of Prudential by 353.1% during the third quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider's stock worth $5,436,000 after purchasing an additional 228,499 shares in the last quarter. GAMMA Investing LLC increased its position in Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Prudential by 62.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider's stock worth $1,481,000 after purchasing an additional 35,811 shares during the period. ABC Arbitrage SA purchased a new position in Prudential during the fourth quarter worth about $16,207,000. Finally, Barclays PLC purchased a new stake in shares of Prudential in the 3rd quarter valued at approximately $556,000. Hedge funds and other institutional investors own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PUK shares. Citigroup reissued a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Two 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.com, Prudential currently has a consensus rating of "Moderate Buy".

Prudential Trading Up 0.1 %

NYSE:PUK traded up $0.03 during trading hours on Monday, hitting $21.86. The company's stock had a trading volume of 64,591 shares, compared to its average volume of 1,052,947. The stock has a fifty day moving average of $20.20 and a 200-day moving average of $17.77. The stock has a market capitalization of $28.55 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.41 and a beta of 0.98. Prudential plc has a 52-week low of $14.39 and a 52-week high of $22.01.

Prudential Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.3258 per share. This is a positive change from Prudential's previous dividend of $0.24. The ex-dividend date of this dividend is Friday, March 28th. Prudential's dividend payout ratio (DPR) is presently 28.02%.

Prudential 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.