Wealth Alliance LLC Reduces Holdings in Prudential Public Limited Company $PUK

Wealth Alliance LLC trimmed its holdings in Prudential Public Limited Company (NYSE:PUK) by 15.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 28,119 shares of the financial services provider’s stock after selling 5,169 shares during the period. Wealth Alliance LLC’s holdings in Prudential Public were worth $704,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PUK. Northern Trust Corp grew its holdings in shares of Prudential Public by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock worth $40,380,000 after acquiring an additional 144,354 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Prudential Public by 10.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 102,397 shares of the financial services provider’s stock valued at $2,202,000 after acquiring an additional 9,479 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Prudential Public in the second quarter worth about $234,000. Envestnet Asset Management Inc. grew its holdings 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 period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Prudential Public by 22.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 54,043 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 9,912 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Price Performance

Shares of PUK stock traded down $0.01 during trading hours on Thursday, reaching $28.99. The company’s stock had a trading volume of 100,505 shares, compared to its average volume of 967,552. Prudential Public Limited Company has a one year low of $14.39 and a one year high of $29.02. The firm’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $25.57.

Prudential Public Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Prudential Public from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Wednesday, October 29th. UBS Group restated a “buy” rating on shares of Prudential Public in a report on Thursday, August 28th. Finally, Barclays restated an “overweight” rating on shares of Prudential Public in a report on Monday, September 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Prudential Public currently has a consensus rating of “Moderate Buy”.

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.