Prudential plc (NYSE:PUK) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its position in shares of Prudential plc (NYSE:PUK) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,076,579 shares of the financial services provider’s stock after purchasing an additional 128,124 shares during the quarter. Marshall Wace LLP owned approximately 0.08% of Prudential worth $19,723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after buying an additional 699 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Prudential by 19.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 760 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Prudential by 0.3% in the 2nd quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock valued at $6,323,000 after acquiring an additional 921 shares during the period. Russell Investments Group Ltd. raised its position in Prudential by 98.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Covenant Partners LLC grew its position in Prudential by 5.9% during the 4th quarter. Covenant Partners LLC now owns 27,498 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PUK shares. BNP Paribas upgraded shares of Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Prudential Trading Up 1.3 %

Shares of NYSE:PUK opened at $18.56 on Friday. Prudential plc has a fifty-two week low of $15.77 and a fifty-two week high of $23.73. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $17.10 and its 200-day simple moving average is $18.32.

Prudential Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be issued a $0.1368 dividend. The ex-dividend date is Friday, September 6th.

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.