Prudential Public (NYSE:PUK) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group lowered shares of Prudential Public (NYSE:PUK) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

PUK has been the topic of several other reports. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on Prudential Public in a report on Wednesday, January 7th. They issued a “buy” rating for the company. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Prudential Public Stock Down 1.2%

PUK opened at $30.39 on Wednesday. The stock’s 50 day simple moving average is $29.77 and its 200 day simple moving average is $29.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public has a 1 year low of $20.69 and a 1 year high of $34.03.

Prudential Public (NYSE:PUK) last posted its quarterly earnings results on Saturday, February 14th. The financial services provider reported $25.85 earnings per share (EPS) for the quarter. The company had revenue of $7.59 billion for the quarter. As a group, sell-side analysts anticipate that Prudential Public will post 2.14 EPS for the current fiscal year.

Prudential Public Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th will be issued a $0.3778 dividend. The ex-dividend date is Friday, March 27th. This represents a yield of 272.0%.

Institutional Investors Weigh In On Prudential Public

Several institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its holdings in Prudential Public by 24.0% in the 1st quarter. Venturi Wealth Management LLC now owns 12,888 shares of the financial services provider’s stock worth $366,000 after buying an additional 2,497 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in Prudential Public by 54.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 25,856 shares of the financial services provider’s stock worth $735,000 after buying an additional 9,169 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Prudential Public by 22.3% in the 1st quarter. Ritholtz Wealth Management now owns 42,012 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 7,669 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Prudential Public by 179.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 3,604 shares during the period. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Prudential Public during the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.