Prudential Public Limited Company (NYSE:PUK) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Prudential Public Limited Company (NYSE: PUK) has received a consensus "Buy" rating from five investment analysts, indicating strong market confidence in the stock.
• Recent upgrades from various research firms, including Deutsche Bank and Wall Street Zen, reflect a bullish sentiment towards Prudential's stock performance.
• The company declared a dividend of $0.1542 per share, set to be paid on October 16th, representing a notable yield of 118.0%.

Shares of Prudential Public Limited Company (NYSE:PUK - Get Free Report) have been assigned a consensus rating of "Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating.

A number of equities analysts have recently weighed in on the company. Barclays reissued an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Wall Street Zen lowered Prudential Public from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group reissued a "buy" rating on shares of Prudential Public in a research report on Thursday, August 28th. Finally, Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Prudential Public during the 4th quarter worth approximately $1,355,000. Mariner LLC increased its position in shares of Prudential Public by 14.1% during the fourth quarter. Mariner LLC now owns 20,399 shares of the financial services provider's stock worth $325,000 after buying an additional 2,514 shares during the period. First Trust Advisors LP acquired a new stake in shares of Prudential Public during the fourth quarter worth $228,000. Aquatic Capital Management LLC bought a new stake in Prudential Public in the fourth quarter valued at $277,000. Finally, Northern Trust Corp increased its stake in Prudential Public by 2.0% in the fourth quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider's stock valued at $27,636,000 after purchasing an additional 34,344 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.

Prudential Public Stock Down 1.1%

NYSE PUK traded down $0.28 during trading hours on Friday, hitting $25.95. 578,294 shares of the company were exchanged, compared to its average volume of 970,158. The company has a 50 day moving average of $25.58 and a two-hundred day moving average of $22.74. The firm has a market cap of $33.42 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.75 and a beta of 1.04. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public has a 52-week low of $14.39 and a 52-week high of $27.20.

Prudential Public Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be given a $0.1542 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public's payout ratio is currently 28.02%.

About Prudential Public

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.