Prudential Public Limited Company $PUK Stock Position Lowered by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lessened its position in Prudential Public Limited Company (NYSE:PUK) by 22.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,472 shares of the financial services provider’s stock after selling 2,965 shares during the period. Concurrent Investment Advisors LLC’s holdings in Prudential Public were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PUK. GAMMA Investing LLC raised its position 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 during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Prudential Public during the first quarter worth $201,000. QRG Capital Management Inc. acquired a new stake in shares of Prudential Public during the first quarter worth $369,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Prudential Public during the first quarter worth $216,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Prudential Public by 26.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 138,958 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 28,804 shares during the period. Institutional investors own 1.90% of the company’s stock.

Prudential Public Trading Up 0.8%

Shares of PUK stock opened at $27.02 on Tuesday. Prudential Public Limited Company has a 1-year low of $14.39 and a 1-year high of $28.32. The company has a market capitalization of $34.63 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.77 and a beta of 1.02. The stock’s fifty day simple moving average is $27.16 and its 200-day simple moving average is $24.61.

Prudential Public Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group reaffirmed a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research report on Tuesday, October 14th. Finally, Barclays reiterated an “overweight” rating on shares of Prudential Public in a report on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Prudential Public has a consensus rating of “Moderate Buy”.

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.