Private Capital Group LLC raised its holdings in Prudential Public Limited (NYSE:PUK) by 73.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,242 shares of the financial services provider’s stock after purchasing an additional 1,372 shares during the quarter. Private Capital Group LLC’s holdings in Prudential Public were worth $130,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of PUK. Bank of New York Mellon Corp grew its stake in Prudential Public by 375.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 531,221 shares of the financial services provider’s stock worth $24,377,000 after purchasing an additional 419,508 shares in the last quarter. Deutsche Bank AG lifted its holdings in Prudential Public by 129.5% during the 4th quarter. Deutsche Bank AG now owns 591,872 shares of the financial services provider’s stock worth $20,934,000 after buying an additional 333,976 shares during the last quarter. Jane Street Group LLC lifted its holdings in Prudential Public by 24.8% during the 4th quarter. Jane Street Group LLC now owns 698,486 shares of the financial services provider’s stock worth $24,705,000 after buying an additional 138,958 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Prudential Public during the 4th quarter worth about $3,005,000. Finally, Rock Point Advisors LLC lifted its holdings in Prudential Public by 42.2% during the 4th quarter. Rock Point Advisors LLC now owns 274,590 shares of the financial services provider’s stock worth $9,712,000 after buying an additional 81,465 shares during the last quarter. Institutional investors own 1.65% of the company’s stock.
PUK traded down $0.47 on Wednesday, hitting $41.85. 153,196 shares of the company traded hands, compared to its average volume of 294,344. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $54.87 billion, a PE ratio of 8.47, a P/E/G ratio of 1.11 and a beta of 1.37. Prudential Public Limited has a 12-month low of $33.31 and a 12-month high of $51.21.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.8937 per share. The ex-dividend date is Thursday, March 28th. This is an increase from Prudential Public’s previous semiannual dividend of $0.16. This represents a yield of 4.22%. Prudential Public’s dividend payout ratio is currently 36.23%.
A number of analysts have issued reports on PUK shares. Zacks Investment Research raised Prudential Public from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. ValuEngine raised Prudential Public from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada reissued a “neutral” rating on shares of Prudential Public in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.
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Prudential Public Company Profile
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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