Charles Schwab Investment Management Inc. Buys 9,479 Shares of Prudential Public Limited Company $PUK

Charles Schwab Investment Management Inc. raised its position in Prudential Public Limited Company (NYSE:PUK) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,397 shares of the financial services provider’s stock after acquiring an additional 9,479 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Prudential Public were worth $2,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PUK. Bruce G. Allen Investments LLC increased its position in shares of 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 buying an additional 1,140 shares in the last quarter. Allianz SE purchased a new position in Prudential Public during the first quarter valued at $88,000. Cetera Trust Company N.A grew 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 purchasing an additional 2,125 shares during the period. GAMMA Investing LLC increased its stake in shares of Prudential Public by 182.6% during the first quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 4,205 shares in the last quarter. Finally, Parallel Advisors LLC raised 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 worth $154,000 after purchasing an additional 1,602 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

PUK has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Prudential Public in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Prudential Public from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group reiterated a “buy” rating on shares of Prudential Public in a report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research note on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Prudential Public Trading Up 1.5%

NYSE:PUK opened at $26.63 on Friday. The company has a market capitalization of $34.30 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.77 and a beta of 1.06. The stock’s 50 day moving average price is $25.50 and its 200 day moving average price is $22.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public Limited Company has a 52 week low of $14.39 and a 52 week high of $27.20.

Prudential Public Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be given a dividend of $0.1542 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a yield of 118.0%. Prudential Public’s dividend payout ratio (DPR) is 28.02%.

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.