Janney Montgomery Scott LLC lifted its position in Prudential plc (NYSE:PUK – Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,362 shares of the financial services provider’s stock after acquiring an additional 2,542 shares during the period. Janney Montgomery Scott LLC’s holdings in Prudential were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Madison Asset Management LLC increased its position in shares of Prudential by 17.9% in the 1st quarter. Madison Asset Management LLC now owns 109,577 shares of the financial services provider’s stock valued at $2,996,000 after acquiring an additional 16,653 shares during the period. BOKF NA acquired a new position in shares of Prudential in the 1st quarter valued at $34,000. Naviter Wealth LLC boosted its holdings in Prudential by 15.2% in the second quarter. Naviter Wealth LLC now owns 17,482 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 2,301 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Prudential by 106.8% in the first quarter. Quantinno Capital Management LP now owns 16,330 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 8,434 shares during the last quarter. Finally, Thomas White International Ltd. boosted its holdings in Prudential by 226.2% in the first quarter. Thomas White International Ltd. now owns 232,928 shares of the financial services provider’s stock valued at $6,368,000 after purchasing an additional 161,532 shares during the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
PUK has been the topic of several recent research reports. UBS Group lowered their price target on shares of Prudential from GBX 1,590 ($19.35) to GBX 1,440 ($17.52) in a report on Wednesday, July 12th. Morgan Stanley lowered their price target on shares of Prudential from GBX 1,542 ($18.76) to GBX 1,510 ($18.37) in a report on Thursday, July 13th. StockNews.com assumed coverage on shares of Prudential in a report on Thursday, October 5th. They issued a “hold” rating on the stock. BNP Paribas raised shares of Prudential from an “underperform” rating to a “neutral” rating in a research note on Monday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Prudential from GBX 1,540 ($18.74) to GBX 1,460 ($17.77) in a research note on Tuesday, October 10th.
Prudential Stock Up 3.6 %
NYSE:PUK opened at $21.06 on Tuesday. The company has a 50 day moving average price of $22.48 and a 200 day moving average price of $26.04. Prudential plc has a fifty-two week low of $18.40 and a fifty-two week high of $34.37.
Prudential Cuts Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 8th were given a $0.1252 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 1.5%.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.
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