Bank of Montreal Can boosted its stake in Prudential plc (NYSE:PUK - Free Report) by 165.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,554,255 shares of the financial services provider's stock after buying an additional 968,317 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of Prudential worth $24,775,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,497 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Prudential in the fourth quarter valued at $30,000. Advisors Preferred LLC acquired a new stake in Prudential in the 4th quarter valued at about $31,000. GAMMA Investing LLC grew its stake in shares of Prudential by 95.8% during the fourth 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, National Bank of Canada FI increased its stake in Prudential by 52.6% in the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 1,049 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PUK has been the topic of a number of research reports. Citigroup reissued a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. StockNews.com raised 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Prudential presently has an average rating of "Moderate Buy".
Get Our Latest Report on Prudential
Prudential Price Performance
PUK traded up $0.07 on Tuesday, reaching $20.19. The company's stock had a trading volume of 825,469 shares, compared to its average volume of 1,041,480. The business's 50 day moving average is $19.26 and its 200 day moving average is $17.47. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. Prudential plc has a 1 year low of $14.39 and a 1 year high of $22.01.
Prudential Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Shareholders 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 boost from Prudential's previous dividend of $0.24. Prudential's dividend payout ratio (DPR) is currently 28.02%.
Prudential 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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