CIBC Asset Management Inc reduced its stake in shares of Prudential plc (NYSE:PUK - Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,802 shares of the financial services provider's stock after selling 90,500 shares during the quarter. CIBC Asset Management Inc's holdings in Prudential were worth $1,814,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glassman Wealth Services boosted its holdings in shares of Prudential by 135.7% in the fourth quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Prudential in the fourth quarter valued at about $28,000. Russell Investments Group Ltd. boosted its holdings in shares of Prudential by 369.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 1,078 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Prudential by 198.0% in the fourth quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new stake in shares of Prudential in the fourth quarter valued at about $108,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Prudential Stock Performance
Shares of NYSE PUK traded down $1.08 during midday trading on Friday, hitting $18.58. The company had a trading volume of 869,489 shares, compared to its average volume of 589,119. 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 plc has a twelve month low of $17.12 and a twelve month high of $29.25. The business has a 50-day simple moving average of $18.99 and a two-hundred day simple moving average of $20.38.
Prudential Increases Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Prudential's previous Semi-Annual dividend of $0.24.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a research note on Monday, June 3rd.
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.
Recommended Stories
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
