Prudential Public Limited Company (NYSE:PUK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Prudential Public Limited Company (NYSE:PUK) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

PUK has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research note on Wednesday, October 29th. Barclays reissued an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Tuesday, October 14th. UBS Group reaffirmed a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Finally, Wall Street Zen cut shares of Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th.

Prudential Public Stock Performance

Shares of NYSE PUK opened at $28.97 on Friday. The company has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $26.30. Prudential Public has a 1 year low of $14.39 and a 1 year high of $29.82.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Prudential Public by 241.5% in the third quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock valued at $83,936,000 after acquiring an additional 2,120,580 shares in the last quarter. Causeway Capital Management LLC increased its position in shares of Prudential Public by 10.1% in the 1st quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider’s stock valued at $50,604,000 after purchasing an additional 216,828 shares during the last quarter. Northern Trust Corp raised 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 valued at $40,380,000 after purchasing an additional 144,354 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Prudential Public by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,577,724 shares of the financial services provider’s stock valued at $44,176,000 after purchasing an additional 287,420 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Prudential Public by 6.9% during the 2nd quarter. Bank of Montreal Can now owns 1,308,520 shares of the financial services provider’s stock worth $32,739,000 after purchasing an additional 84,269 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.