HighTower Advisors LLC lowered its stake in shares of Prudential Public Limited Company (NYSE:PUK) by 48.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,022 shares of the financial services provider’s stock after selling 7,670 shares during the period. HighTower Advisors LLC’s holdings in Prudential Public Limited were worth $335,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PUK. Addenda Capital Inc. acquired a new stake in shares of Prudential Public Limited during the first quarter valued at about $260,000. Quadrant Capital Group LLC boosted its stake in shares of Prudential Public Limited by 175.1% in the first quarter. Quadrant Capital Group LLC now owns 2,935 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,868 shares in the last quarter. Highland Capital Management LLC raised its stake in Prudential Public Limited by 26.6% in the first quarter. Highland Capital Management LLC now owns 24,304 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 5,110 shares during the period. Bank of Montreal Can raised its stake in Prudential Public Limited by 4.0% in the first quarter. Bank of Montreal Can now owns 20,802 shares of the financial services provider’s stock worth $882,000 after buying an additional 808 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Prudential Public Limited by 8.7% in the first quarter. Capstone Asset Management Co. now owns 327,393 shares of the financial services provider’s stock worth $13,868,000 after buying an additional 26,202 shares during the period. 1.65% of the stock is owned by institutional investors and hedge funds.
Prudential Public Limited Company (NYSE:PUK) opened at 47.90 on Friday. The company’s 50 day moving average is $46.27 and its 200 day moving average is $43.21. The stock has a market cap of $61.56 billion, a PE ratio of 24.36 and a beta of 1.58. Prudential Public Limited Company has a one year low of $32.52 and a one year high of $48.26.
A number of analysts recently weighed in on PUK shares. Zacks Investment Research raised shares of Prudential Public Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) lowered shares of Prudential Public Limited from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 8th. Finally, BidaskClub upgraded shares of Prudential Public Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Prudential Public Limited has an average rating of “Buy” and a consensus target price of $47.20.
Prudential Public Limited Company Profile
Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.
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