Wells Fargo & Company MN raised its holdings in shares of Prudential Public Limited (NYSE:PUK) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 947,058 shares of the financial services provider’s stock after buying an additional 33,235 shares during the period. Wells Fargo & Company MN owned about 0.07% of Prudential Public worth $38,091,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. FinTrust Capital Advisors LLC boosted its position in shares of Prudential Public by 80.7% during the first quarter. FinTrust Capital Advisors LLC now owns 826 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 369 shares during the last quarter. Whittier Trust Co. lifted its position in Prudential Public by 68.7% during the fourth quarter. Whittier Trust Co. now owns 1,044 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 425 shares during the last quarter. CNB Bank bought a new position in Prudential Public during the fourth quarter valued at $39,000. Cornerstone Advisors Inc. lifted its position in Prudential Public by 48.4% during the first quarter. Cornerstone Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 444 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Prudential Public by 337.5% during the first quarter. Parallel Advisors LLC now owns 1,645 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,269 shares during the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on PUK shares. Royal Bank of Canada reiterated a “neutral” rating on shares of Prudential Public in a research report on Wednesday, March 13th. Citigroup upgraded shares of Prudential Public from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th. Zacks Investment Research upgraded shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, ValuEngine upgraded shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Prudential Public has an average rating of “Hold”.
Shares of PUK traded down $0.18 during midday trading on Friday, hitting $44.66. The stock had a trading volume of 111,330 shares, compared to its average volume of 265,538. Prudential Public Limited has a 1 year low of $33.31 and a 1 year high of $47.97. The stock has a market capitalization of $57.77 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.18 and a beta of 1.42. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $41.99.
About Prudential Public
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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