Prudential Public Limited Company (NYSE:PUK) Receives Consensus Rating of "Buy" from 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 given an average recommendation of "Buy" by the five analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation.

PUK has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Prudential Public from a "buy" rating to a "hold" rating in a report on Saturday. Deutsche Bank Aktiengesellschaft raised Prudential Public from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley reaffirmed an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Prudential Public in a research report on Thursday, May 22nd. Finally, UBS Group reiterated a "buy" rating on shares of Prudential Public in a report on Thursday, August 28th.

Hedge Funds Weigh In On Prudential Public

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 707 shares during the last quarter. MAI Capital Management increased its position in shares of Prudential Public by 90.6% during the 2nd quarter. MAI Capital Management now owns 2,573 shares of the financial services provider's stock worth $64,000 after purchasing an additional 1,223 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,140 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Prudential Public during the 1st quarter worth approximately $60,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Prudential Public in the 2nd quarter valued at approximately $77,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Stock Down 1.3%

PUK stock traded down $0.35 during mid-day trading on Friday, hitting $26.26. 769,443 shares of the company were exchanged, compared to its average volume of 972,357. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public has a 1-year low of $14.39 and a 1-year high of $27.20. The firm's 50 day simple moving average is $25.55 and its 200 day simple moving average is $22.71. The firm has a market cap of $33.82 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.75 and a beta of 1.04.

Prudential Public Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Friday, September 5th will be paid a $0.1542 dividend. This represents a yield of 118.0%. The ex-dividend date is Friday, September 5th. Prudential Public's payout ratio is presently 28.02%.

Prudential Public 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.