8,169 Shares in Prudential Public Limited Company $PUK Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Prudential Public Limited Company (NYSE:PUK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 8,169 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PUK. Causeway Capital Management LLC grew its position in Prudential Public by 10.1% during the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider’s stock worth $50,604,000 after buying an additional 216,828 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Prudential Public by 23.2% during the first quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider’s stock worth $16,860,000 after purchasing an additional 147,575 shares during the last quarter. Northern Trust Corp lifted its stake in Prudential Public by 8.3% during the first quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock worth $40,380,000 after purchasing an additional 144,354 shares during the last quarter. Nuveen LLC bought a new stake in Prudential Public during the first quarter worth about $2,086,000. Finally, AMG National Trust Bank lifted its stake in Prudential Public by 83.4% during the first quarter. AMG National Trust Bank now owns 135,570 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 61,663 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PUK. Barclays reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. UBS Group reaffirmed a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Prudential Public has an average rating of “Moderate Buy”.

Prudential Public Trading Down 0.0%

NYSE PUK opened at $27.31 on Friday. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $28.32. The stock has a 50-day moving average of $27.19 and a 200-day moving average of $24.70. The firm has a market cap of $35.00 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02.

Prudential Public Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 16th. Shareholders of record on Friday, September 5th were given a dividend of $0.1542 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 117.0%. Prudential Public’s dividend payout ratio is presently 12.50%.

Prudential Public Company Profile

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.