JPMorgan Chase & Co. Grows Position in Prudential plc (NYSE:PUK)

JPMorgan Chase & Co. raised its position in Prudential plc (NYSE:PUK - Free Report) by 353.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,210 shares of the financial services provider's stock after acquiring an additional 228,499 shares during the quarter. JPMorgan Chase & Co.'s holdings in Prudential were worth $5,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Choreo LLC bought a new position in Prudential in the second quarter worth approximately $228,000. American Century Companies Inc. raised its holdings in Prudential by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 184,983 shares of the financial services provider's stock worth $3,389,000 after purchasing an additional 20,516 shares during the period. Envestnet Asset Management Inc. lifted its position in Prudential by 8.5% during the second quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider's stock valued at $16,829,000 after purchasing an additional 72,093 shares in the last quarter. Wealth Alliance grew its holdings in Prudential by 67.9% during the second quarter. Wealth Alliance now owns 22,318 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 9,024 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in Prudential by 23.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,753 shares of the financial services provider's stock worth $307,000 after buying an additional 3,142 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Trading Up 3.6 %

PUK stock traded up $0.55 during trading on Friday, reaching $15.83. The company's stock had a trading volume of 1,144,815 shares, compared to its average volume of 1,146,310. The company's fifty day moving average is $15.98 and its 200-day moving average is $16.95. Prudential plc has a 1 year low of $14.39 and a 1 year high of $22.07.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PUK shares. StockNews.com cut Prudential from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Barclays raised shares of Prudential to a "strong-buy" rating in a report on Tuesday, October 15th.

Prudential 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.