Wealth Enhancement Advisory Services LLC Cuts Position in Prudential Public Limited Company (NYSE:PUK)

Wealth Enhancement Advisory Services LLC lessened its position in Prudential Public Limited Company (NYSE:PUK) by 25.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,148 shares of the financial services provider’s stock after selling 20,294 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Prudential Public were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PUK. Smartleaf Asset Management LLC lifted its stake in Prudential Public by 417.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,497 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Prudential Public by 52.6% during the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,049 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,140 shares during the last quarter. Cetera Trust Company N.A boosted its stake in Prudential Public by 60.8% in the first quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider’s stock worth $121,000 after buying an additional 2,125 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Prudential Public by 182.6% in the first quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider’s stock worth $140,000 after buying an additional 4,205 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Public Stock Performance

Shares of PUK stock opened at $25.01 on Tuesday. The company has a market capitalization of $32.43 billion, a P/E ratio of 10.78, a PEG ratio of 0.72 and a beta of 1.02. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $25.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50 day moving average price of $23.06 and a two-hundred day moving average price of $19.73.

Analyst Ratings Changes

Several research firms have commented on PUK. Citigroup reissued a “buy” rating on shares of Prudential Public in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Barclays reissued an “overweight” rating on shares of Prudential Public in a research note on Thursday, May 22nd. Wall Street Zen raised Prudential Public from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Prudential Public 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.