US Bancorp DE Acquires 10,380 Shares of Prudential Public Limited Company (NYSE:PUK)

US Bancorp DE increased its holdings in shares of Prudential Public Limited Company (NYSE:PUK) by 66.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,968 shares of the financial services provider’s stock after purchasing an additional 10,380 shares during the period. US Bancorp DE’s holdings in Prudential Public were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Choreo LLC boosted its stake in Prudential Public by 5.6% in the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 644 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Prudential Public by 7.9% in the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 877 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in Prudential Public by 70.4% in the first quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,140 shares in the last quarter. Parallel Advisors LLC boosted its stake in 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 in the last quarter. Finally, 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 valued at $121,000 after acquiring an additional 2,125 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Prudential Public Trading Up 0.3%

NYSE PUK opened at $26.00 on Tuesday. The company has a fifty day simple moving average of $24.74 and a two-hundred day simple moving average of $21.71. The stock has a market cap of $33.52 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.75 and a beta of 1.06. Prudential Public Limited Company has a 12-month low of $14.39 and a 12-month high of $26.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public 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.