Prudential Public (NYSE:PUK) Cut to "Hold" at Wall Street Zen

Key Points

• Prudential Public's rating has been downgraded from "buy" to "hold" by Wall Street Zen, amidst a mix of other ratings from various analysts.
• The company's stock opened at $26.63 and has a market capitalization of $34.30 billion, with a 1-year trading range between $14.39 and $27.20.
• Institutional investors have been actively trading Prudential Public shares, with notable increases in stakes from firms like Smartleaf Asset Management and MAI Capital Management.

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

A number of other analysts also recently issued reports on PUK. Barclays reissued an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Prudential Public in a report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential Public currently has an average rating of "Buy".

Prudential Public Stock Performance

Prudential Public stock traded up $0.34 during mid-day trading on Friday, hitting $26.44. The company had a trading volume of 834,447 shares, compared to its average volume of 718,419. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.73 and a beta of 1.04. Prudential Public has a 12-month low of $14.39 and a 12-month high of $27.20. The company's fifty day moving average is $25.62 and its 200-day moving average is $22.82. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake 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 worth $55,000 after buying an additional 707 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,140 shares during the last quarter. SVB Wealth LLC purchased a new position in Prudential Public in the 1st quarter worth approximately $60,000. MAI Capital Management boosted its stake in Prudential Public by 90.6% during the second quarter. MAI Capital Management now owns 2,573 shares of the financial services provider's stock worth $64,000 after buying an additional 1,223 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of Prudential Public during the 2nd quarter valued at about $77,000. 1.90% of the stock is owned by institutional investors and hedge funds.

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.