Envestnet Asset Management Inc. Buys 147,575 Shares of Prudential Public Limited Company (NYSE:PUK)

Envestnet Asset Management Inc. lifted its stake in Prudential Public Limited Company (NYSE:PUK) by 23.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 784,201 shares of the financial services provider’s stock after purchasing an additional 147,575 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Prudential Public worth $16,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. National Bank of Canada FI lifted its holdings in Prudential Public by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,049 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of 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 valued at $59,000 after purchasing an additional 1,140 shares during the period. Parallel Advisors LLC increased its position in shares of Prudential Public by 28.8% in the first quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,602 shares during the last quarter. Cetera Trust Company N.A increased its position in shares of 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 valued at $121,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Mariner LLC increased its position in shares of Prudential Public by 14.1% in the fourth quarter. Mariner LLC now owns 20,399 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 2,514 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Prudential Public Price Performance

Prudential Public stock opened at $24.70 on Friday. The company’s 50 day moving average price is $23.90 and its two-hundred day moving average price is $20.48. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public Limited Company has a 52 week low of $14.39 and a 52 week high of $25.58. The stock has a market cap of $31.91 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.71 and a beta of 1.03.

About Prudential Public

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.