Prudential plc (NYSE:PUK) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in Prudential plc (NYSE:PUK) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,691 shares of the financial services provider’s stock after selling 14,919 shares during the period. Raymond James & Associates’ holdings in Prudential were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Prudential by 18.1% in the second quarter. BlackRock Inc. now owns 3,770,676 shares of the financial services provider’s stock valued at $106,786,000 after purchasing an additional 579,234 shares during the period. Morgan Stanley grew its holdings in shares of Prudential by 7.7% in the fourth quarter. Morgan Stanley now owns 2,242,746 shares of the financial services provider’s stock valued at $61,631,000 after purchasing an additional 160,270 shares during the period. Royal Bank of Canada grew its holdings in shares of Prudential by 2.8% in the third quarter. Royal Bank of Canada now owns 2,104,380 shares of the financial services provider’s stock valued at $46,129,000 after purchasing an additional 58,097 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Prudential by 9.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,819,545 shares of the financial services provider’s stock valued at $51,530,000 after purchasing an additional 162,986 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Prudential by 11.2% in the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock valued at $29,194,000 after purchasing an additional 134,347 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Trading Down 2.7 %

Shares of PUK opened at $17.96 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03. Prudential plc has a 12-month low of $17.82 and a 12-month high of $30.91. The firm has a 50-day moving average price of $20.07 and a 200 day moving average price of $21.16.

Prudential Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.2842 per share. The ex-dividend date is Monday, April 1st. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24.

Prudential 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.