First Trust Direct Indexing L.P. Has $340,000 Stake in Prudential plc (NYSE:PUK)

First Trust Direct Indexing L.P. trimmed its stake in shares of Prudential plc (NYSE:PUKFree Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,623 shares of the financial services provider’s stock after selling 6,356 shares during the period. First Trust Direct Indexing L.P.’s holdings in Prudential were worth $340,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Glassman Wealth Services lifted its position in shares of Prudential by 135.7% during the fourth quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 681 shares in the last quarter. Principal Securities Inc. acquired a new position in Prudential in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. lifted its holdings in Prudential by 369.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,078 shares during the period. National Bank of Canada FI lifted its holdings in Prudential by 198.0% in the fourth quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,396 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Prudential in the first quarter valued at approximately $75,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Stock Performance

Shares of NYSE:PUK opened at $18.36 on Monday. Prudential plc has a 52 week low of $17.12 and a 52 week high of $28.59. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $19.84.

Wall Street Analysts Forecast Growth

PUK has been the topic of several analyst reports. BNP Paribas upgraded shares of Prudential from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

View Our Latest Analysis on Prudential

Prudential Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Prudential (NYSE:PUK)

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