LPL Financial LLC Boosts Holdings in Prudential Public Limited Company $PUK

LPL Financial LLC grew its position in Prudential Public Limited Company (NYSE:PUK) by 144.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,542 shares of the financial services provider’s stock after acquiring an additional 45,248 shares during the quarter. LPL Financial LLC’s holdings in Prudential Public were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PUK. Choreo LLC increased its position in shares of Prudential Public by 5.6% during the 1st quarter. Choreo LLC now owns 12,049 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 644 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Prudential Public by 7.9% during the 1st quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 877 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Prudential Public by 70.4% during 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 last quarter. Parallel Advisors LLC increased its position in shares of Prudential Public by 28.8% during the 1st quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Cetera Trust Company N.A increased its position in shares of Prudential Public by 60.8% during the 1st quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Public Trading Up 1.1%

Shares of NYSE PUK opened at $26.9950 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $34.78 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $27.04. The business has a fifty day moving average price of $25.22 and a 200 day moving average price of $22.19.

Analyst Ratings Changes

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

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.