Park Avenue Securities LLC Sells 4,849 Shares of Prudential Public Limited Company $PUK

Park Avenue Securities LLC decreased its holdings in shares of Prudential Public Limited Company (NYSE:PUK) by 23.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,202 shares of the financial services provider’s stock after selling 4,849 shares during the period. Park Avenue Securities LLC’s holdings in Prudential Public were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aaron Wealth Advisors LLC increased its stake in shares of Prudential Public by 9.0% during the second quarter. Aaron Wealth Advisors LLC now owns 16,240 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 1,341 shares in the last quarter. Gradient Investments LLC increased its stake in shares of Prudential Public by 13.5% during the second quarter. Gradient Investments LLC now owns 36,369 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 4,324 shares in the last quarter. Gallacher Capital Management LLC increased its stake in shares of Prudential Public by 4.5% during the second quarter. Gallacher Capital Management LLC now owns 16,269 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 706 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Prudential Public by 86.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of Prudential Public during the first quarter valued at approximately $371,000. Institutional investors own 1.90% of the company’s stock.

Prudential Public Trading Up 1.6%

Shares of PUK stock opened at $28.18 on Tuesday. Prudential Public Limited Company has a 12-month low of $14.39 and a 12-month high of $28.32. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $26.55 and its 200 day moving average is $23.93. The stock has a market capitalization of $36.19 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.79 and a beta of 1.04.

Prudential Public Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be issued a $0.1542 dividend. The ex-dividend date is Friday, September 5th. This represents a yield of 117.0%. Prudential Public’s dividend payout ratio (DPR) is currently 12.50%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PUK. Barclays reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised shares of Prudential Public from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. UBS Group reissued a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Finally, Wall Street Zen downgraded shares of Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

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.