Prudential plc (NYSE:PUK) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in Prudential plc (NYSE:PUK) by 15.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 795,969 shares of the financial services provider’s stock after acquiring an additional 103,625 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Prudential worth $15,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PUK. Russell Investments Group Ltd. raised its stake 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. Sei Investments Co. grew its stake in Prudential by 8.9% in the 1st quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock worth $6,633,000 after acquiring an additional 28,124 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Prudential in the 1st quarter valued at $75,000. Goldman Sachs Group Inc. raised its holdings in Prudential by 15.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock valued at $45,159,000 after acquiring an additional 274,674 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of Prudential during the 4th quarter worth $5,108,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Stock Up 1.3 %

Shares of PUK stock 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 firm’s 50 day moving average price is $17.10 and its two-hundred day moving average price is $18.30. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23.

Prudential Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, September 6th will be given a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th.

Analyst Ratings Changes

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

About Prudential

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.