Sanctuary Advisors LLC bought a new position in Prudential plc (NYSE:PUK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,020 shares of the financial services provider's stock, valued at approximately $678,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in Prudential by 15.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider's stock worth $45,159,000 after purchasing an additional 274,674 shares during the period. Natixis Advisors LLC grew its holdings 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 buying an additional 156,708 shares in the last quarter. Marshall Wace LLP raised its position in Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider's stock valued at $19,723,000 after buying an additional 128,124 shares during the period. Bank of Montreal Can lifted its stake in Prudential by 15.0% in the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider's stock worth $15,418,000 after acquiring an additional 103,625 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Prudential by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider's stock worth $16,829,000 after acquiring an additional 72,093 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
Prudential Stock Performance
PUK stock traded up $0.14 during mid-day trading on Monday, hitting $17.88. The stock had a trading volume of 864,601 shares, compared to its average volume of 949,112. Prudential plc has a 1-year low of $15.77 and a 1-year high of $23.73. The company has a fifty day moving average of $17.22 and a 200 day moving average of $18.19.
Prudential Cuts Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, September 6th will be given a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on PUK shares. Deutsche Bank Aktiengesellschaft downgraded Prudential from a "buy" rating to a "hold" rating in a report on Monday, August 5th. BNP Paribas upgraded shares of Prudential from a "neutral" rating to an "outperform" rating in a research note on Wednesday, June 26th. Finally, StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research note on Wednesday, August 28th.
Get Our Latest Stock Analysis on Prudential
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.
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