Arrowstreet Capital Limited Partnership Trims Stake in Prudential Public Limited Company $PUK

Arrowstreet Capital Limited Partnership lessened its position in shares of Prudential Public Limited Company (NYSE:PUK) by 21.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,714,370 shares of the financial services provider’s stock after selling 748,039 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.21% of Prudential Public worth $67,914,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 707 shares during the period. MAI Capital Management raised its position in Prudential Public by 90.6% in the 2nd quarter. MAI Capital Management now owns 2,573 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,223 shares during the last quarter. SVB Wealth LLC acquired a new stake in Prudential Public during the 1st quarter worth $60,000. AlphaCore Capital LLC acquired a new stake in Prudential Public during the 2nd quarter worth $77,000. Finally, Geneos Wealth Management Inc. grew its position in Prudential Public by 86.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Public Stock Down 1.6%

NYSE:PUK opened at $29.31 on Friday. The firm’s fifty day simple moving average is $28.01 and its 200-day simple moving average is $26.24. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $29.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PUK shares. UBS Group reaffirmed a “buy” rating on shares of Prudential Public in a report on Thursday, August 28th. Wall Street Zen cut Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th. Finally, Barclays restated an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate 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.