Arrowstreet Capital Limited Partnership boosted its holdings in shares of Prudential plc (NYSE:PUK - Free Report) by 1,133.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,051,231 shares of the financial services provider's stock after buying an additional 965,985 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.08% of Prudential worth $16,757,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of PUK. Smartleaf Asset Management LLC raised its position in shares of Prudential by 417.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,497 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Prudential during the fourth quarter worth $30,000. Advisors Preferred LLC purchased a new stake in shares of Prudential during the 4th quarter valued at $31,000. GAMMA Investing LLC boosted its position in shares of Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock worth $37,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Prudential during the 4th quarter worth $163,000. Institutional investors own 1.90% of the company's stock.
Prudential Stock Performance
Shares of Prudential stock traded down $0.38 on Tuesday, reaching $18.22. The company had a trading volume of 1,357,412 shares, compared to its average volume of 1,023,628. The firm's 50 day moving average price is $18.91 and its two-hundred day moving average price is $17.39. Prudential plc has a 52-week low of $14.39 and a 52-week high of $22.01. The firm has a market cap of $23.97 billion, a PE ratio of 7.88, a PEG ratio of 0.41 and a beta of 1.00.
Prudential Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 28th will be issued a $0.3258 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Prudential's previous dividend of $0.24. Prudential's dividend payout ratio (DPR) is 28.02%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Prudential in a research note on Tuesday, April 1st. StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".
View Our Latest Report on PUK
Prudential Company Profile
(
Free Report)
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.
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