JPMorgan Chase & Co. raised its position in Prudential plc (NYSE:PUK - Free Report) by 321.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,236,697 shares of the financial services provider's stock after buying an additional 943,487 shares during the period. JPMorgan Chase & Co. owned 0.09% of Prudential worth $19,713,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of PUK. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 1,497 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Prudential in the fourth quarter worth about $30,000. Advisors Preferred LLC purchased a new position in Prudential in the fourth quarter valued at about $31,000. GAMMA Investing LLC grew its position in shares of Prudential by 95.8% during the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 1,127 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Prudential during the 4th quarter worth approximately $163,000. Institutional investors own 1.90% of the company's stock.
Prudential Trading Up 0.4 %
Shares of NYSE PUK traded up $0.09 during midday trading on Tuesday, hitting $20.21. The company's stock had a trading volume of 506,654 shares, compared to its average volume of 1,101,778. The firm has a market capitalization of $26.52 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.41 and a beta of 1.00. The stock has a fifty day moving average price of $19.26 and a 200 day moving average price of $17.47. Prudential plc has a one year low of $14.39 and a one 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 dividend of $0.3258 per share. This is a boost from Prudential's previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential's payout ratio is presently 28.02%.
Analyst Ratings Changes
PUK has been the topic of several research analyst reports. StockNews.com upgraded Prudential from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Citigroup reaffirmed a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on PUK
About Prudential
(
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.
Read More
Before you consider Prudential, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prudential wasn't on the list.
While Prudential currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
