Cubist Systematic Strategies LLC Invests $1.04 Million in Prudential Public Limited (NYSE:PUK)

Cubist Systematic Strategies LLC purchased a new stake in Prudential Public Limited (NYSE:PUK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,596 shares of the financial services provider’s stock, valued at approximately $1,035,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Prudential Public by 21.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 410 shares in the last quarter. Quadrant Capital Group LLC raised its position in Prudential Public by 11.8% during the second quarter. Quadrant Capital Group LLC now owns 3,282 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 347 shares in the last quarter. Boston Private Wealth LLC acquired a new position in Prudential Public during the third quarter valued at approximately $201,000. Stevens Capital Management LP acquired a new position in Prudential Public during the third quarter valued at approximately $204,000. Finally, Advisor Group Inc. raised its position in Prudential Public by 0.7% during the second quarter. Advisor Group Inc. now owns 4,481 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 1.63% of the company’s stock.

PUK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Prudential Public from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. ValuEngine downgraded shares of Prudential Public from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $57.00.

Shares of Prudential Public Limited (NYSE PUK) traded up $0.34 on Thursday, reaching $53.52. 182,016 shares of the company’s stock traded hands, compared to its average volume of 240,302. The firm has a market capitalization of $69,460.00, a P/E ratio of 18.58, a P/E/G ratio of 1.45 and a beta of 1.64. Prudential Public Limited has a 1-year low of $38.17 and a 1-year high of $53.55.

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Prudential Public Company Profile

Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

Institutional Ownership by Quarter for Prudential Public (NYSE:PUK)

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