Prudential Public Limited Company (NYSE:PUK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Prudential Public Limited Company (NYSE:PUK) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research report on Wednesday, October 29th. 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 restated a “buy” rating on shares of Prudential Public in a report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th.

Institutional Trading of Prudential Public

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Prudential Public by 241.5% during the 3rd quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock worth $83,936,000 after buying an additional 2,120,580 shares during the period. Causeway Capital Management LLC grew its stake in Prudential Public by 10.1% in the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider’s stock valued at $50,604,000 after acquiring an additional 216,828 shares during the period. Northern Trust Corp increased its holdings in shares of 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 valued at $40,380,000 after acquiring an additional 144,354 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Prudential Public by 22.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,577,724 shares of the financial services provider’s stock worth $44,176,000 after purchasing an additional 287,420 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Prudential Public by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 1,308,520 shares of the financial services provider’s stock worth $32,739,000 after purchasing an additional 84,269 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Stock Down 1.0%

NYSE:PUK opened at $27.74 on Wednesday. Prudential Public has a 52 week low of $14.39 and a 52 week high of $29.06. The firm’s fifty day moving average is $27.82 and its 200-day moving average is $25.78.

Prudential Public Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 16th. Shareholders of record on Friday, September 5th were paid a $0.1542 dividend. This represents a yield of 117.0%. The ex-dividend date of this dividend was Friday, September 5th.

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.