Prudential plc (NYSE:PUK - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $16.99, but opened at $18.36. Prudential shares last traded at $18.36, with a volume of 337,088 shares changing hands.
Analysts Set New Price Targets
PUK has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of Prudential from a "neutral" rating to an "outperform" rating in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut shares of Prudential from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Finally, StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research note on Wednesday, August 28th.
Read Our Latest Stock Report on PUK
Prudential Stock Up 7.9 %
The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $18.34.
Prudential Cuts Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be given a $0.1368 dividend. The ex-dividend date is Friday, September 6th.
Institutional Investors Weigh In On Prudential
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in Prudential by 15.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider's stock valued at $45,159,000 after buying an additional 274,674 shares during the period. Optiver Holding B.V. bought a new position in Prudential during the fourth quarter valued at about $5,108,000. Natixis Advisors LLC increased its position in shares of Prudential by 35.9% during the second quarter. Natixis Advisors LLC now owns 593,789 shares of the financial services provider's stock valued at $10,878,000 after purchasing an additional 156,708 shares during the period. Dimensional Fund Advisors LP increased its holdings in Prudential by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 913,220 shares of the financial services provider's stock valued at $20,499,000 after buying an additional 128,949 shares during the period. Finally, Marshall Wace LLP raised its position in Prudential by 13.5% in the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider's stock worth $19,723,000 after purchasing an additional 128,124 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
About Prudential
(
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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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