US Bancorp DE Acquires 3,154 Shares of Prudential Public Limited Company $PUK

US Bancorp DE boosted its position in shares of Prudential Public Limited Company (NYSE:PUK) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,122 shares of the financial services provider’s stock after buying an additional 3,154 shares during the period. US Bancorp DE’s holdings in Prudential Public were worth $729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PUK. Causeway Capital Management LLC boosted its stake in Prudential Public by 10.1% during the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider’s stock valued at $50,604,000 after buying an additional 216,828 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Prudential Public by 23.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 784,201 shares of the financial services provider’s stock worth $16,860,000 after purchasing an additional 147,575 shares during the period. Northern Trust Corp boosted its holdings in shares of Prudential Public by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock worth $40,380,000 after purchasing an additional 144,354 shares during the period. Nuveen LLC purchased a new position in shares of Prudential Public in the 1st quarter worth approximately $2,086,000. Finally, AMG National Trust Bank boosted its holdings in shares of Prudential Public by 83.4% in the 1st quarter. AMG National Trust Bank now owns 135,570 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 61,663 shares during the period. 1.90% of the stock is owned by institutional investors.

Prudential Public Price Performance

Shares of PUK stock opened at $26.80 on Friday. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $28.32. The stock’s fifty day moving average price is $27.14 and its 200 day moving average price is $24.53. The company has a market cap of $34.36 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02.

Prudential Public Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 16th. Shareholders of record on Friday, September 5th were paid a dividend of $0.1542 per share. This represents a yield of 117.0%. The ex-dividend date was Friday, September 5th. Prudential Public’s payout ratio is presently 12.50%.

Analysts Set New Price Targets

PUK has been the subject of a number of research analyst reports. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research report on Tuesday, October 14th. UBS Group reaffirmed a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Finally, Barclays reaffirmed an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate 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.