Fox Run Management L.L.C. bought a new position in shares of Prudential plc (NYSE:PUK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,447 shares of the financial services provider's stock, valued at approximately $469,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Prudential by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,107 shares of the financial services provider's stock valued at $1,059,000 after buying an additional 2,455 shares in the last quarter. Verition Fund Management LLC purchased a new position in Prudential during the third quarter valued at $788,000. HighTower Advisors LLC increased its holdings in Prudential by 98.2% in the 3rd quarter. HighTower Advisors LLC now owns 40,722 shares of the financial services provider's stock valued at $758,000 after acquiring an additional 20,180 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Prudential in the 3rd quarter worth $1,281,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Prudential by 21.2% during the 3rd quarter. Quantinno Capital Management LP now owns 206,157 shares of the financial services provider's stock valued at $3,822,000 after purchasing an additional 36,087 shares during the last quarter. Institutional investors own 1.90% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd.
View Our Latest Analysis on Prudential
Prudential Trading Down 2.1 %
PUK traded down $0.46 during trading hours on Friday, hitting $21.46. The company's stock had a trading volume of 1,002,262 shares, compared to its average volume of 1,021,681. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.41 and a beta of 1.21. The business's 50-day moving average price is $18.37 and its 200-day moving average price is $17.22. Prudential plc has a 12 month low of $14.39 and a 12 month high of $22.01.
Prudential Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be given a dividend of $0.3258 per share. This is a boost from Prudential's previous dividend of $0.24. The ex-dividend date of this dividend is Friday, March 28th. Prudential's dividend payout ratio is currently 28.02%.
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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