Prudential Public (NYSE:PUK) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Prudential Public (NYSE:PUKFree Report) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently commented on PUK. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Berenberg Bank set a $39.30 price target on shares of Prudential Public and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Zacks Research lowered shares of Prudential Public from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.30.

Check Out Our Latest Stock Report on PUK

Prudential Public Trading Down 0.4%

Shares of PUK opened at $26.66 on Friday. Prudential Public has a 1 year low of $24.61 and a 1 year high of $34.03. The stock’s 50-day moving average price is $28.24 and its two-hundred day moving average price is $28.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.03.

Prudential Public (NYSE:PUKGet Free Report) last announced its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $3.90 billion during the quarter. Equities analysts expect that Prudential Public will post 2.34 EPS for the current year.

Prudential Public Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 22nd. Investors of record on Friday, September 11th will be given a $0.1776 dividend. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 133.0%.

Institutional Trading of Prudential Public

Several hedge funds have recently bought and sold shares of PUK. Manchester Capital Management LLC boosted its holdings in shares of Prudential Public by 1,103.0% in the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after buying an additional 728 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Prudential Public in the 4th quarter valued at $29,000. Integrated Wealth Concepts LLC bought a new stake in Prudential Public in the 2nd quarter valued at $26,000. Allworth Financial LP lifted its position in Prudential Public by 47.0% in the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 480 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Prudential Public by 626.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,429 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Company Profile

(Get Free Report)

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.

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Analyst Recommendations for Prudential Public (NYSE:PUK)

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