Dimensional Fund Advisors LP increased its holdings in Prudential plc (NYSE:PUK - Free Report) by 16.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 913,220 shares of the financial services provider's stock after buying an additional 128,949 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Prudential worth $20,499,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of PUK. HBK Sorce Advisory LLC lifted its position in Prudential by 6.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 12,246 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 736 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Prudential by 369.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,078 shares during the last quarter. Principal Securities Inc. bought a new stake in Prudential in the 4th quarter valued at about $28,000. Atria Investments Inc lifted its position in Prudential by 2.5% in the 3rd quarter. Atria Investments Inc now owns 51,908 shares of the financial services provider's stock valued at $1,138,000 after purchasing an additional 1,277 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Prudential by 198.0% in the 4th quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 1,396 shares during the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a research report on Monday.
Read Our Latest Research Report on PUK
Prudential Price Performance
Shares of PUK stock traded up $0.06 during midday trading on Wednesday, reaching $19.44. 374,139 shares of the company were exchanged, compared to its average volume of 858,502. Prudential plc has a 12 month low of $17.12 and a 12 month high of $29.25. The company's 50 day moving average price is $19.00 and its two-hundred day moving average price is $20.46. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22.
Prudential Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.2842 per share. This is an increase from Prudential's previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend was Monday, April 1st.
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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