PDS Planning Inc Takes $211,000 Position in Prudential Public Limited Company $PUK

PDS Planning Inc purchased a new stake in Prudential Public Limited Company (NYSE:PUK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,441 shares of the financial services provider’s stock, valued at approximately $211,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in Prudential Public by 8.3% in the first quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock valued at $40,380,000 after buying an additional 144,354 shares in the last quarter. GAMMA Investing LLC grew its position in Prudential Public by 182.6% during the 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 4,205 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Prudential Public during the 1st quarter worth $272,000. Janney Montgomery Scott LLC bought a new stake in Prudential Public during the 1st quarter worth $201,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Prudential Public during the 1st quarter worth $216,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PUK. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. UBS Group reiterated a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Prudential Public in a research report on Saturday, September 27th. Finally, Barclays reiterated an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Prudential Public Price Performance

Prudential Public stock opened at $27.11 on Tuesday. The stock’s 50 day moving average is $27.04 and its 200 day moving average is $24.39. The firm has a market cap of $34.81 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.77 and a beta of 1.02. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $28.32.

Prudential Public Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Friday, September 5th will be given a $0.1542 dividend. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 117.0%. Prudential Public’s payout ratio is 12.50%.

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.