Mediolanum International Funds Ltd purchased a new stake in shares of Prudential plc (NYSE:PUK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,052,023 shares of the financial services provider's stock, valued at approximately $19,505,000. Mediolanum International Funds Ltd owned 0.08% of Prudential as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider's stock worth $40,000 after purchasing an additional 699 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of Prudential during the second quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in shares of Prudential by 202.2% during the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider's stock valued at $52,000 after buying an additional 1,806 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Prudential by 98.0% in the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider's stock worth $52,000 after buying an additional 1,342 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Prudential in the first quarter worth approximately $75,000. 1.90% of the stock is currently owned by institutional investors.
Prudential Stock Performance
Shares of Prudential stock traded down $0.34 on Friday, hitting $16.65. 1,415,411 shares of the company traded hands, compared to its average volume of 959,029. The stock's 50 day moving average price is $17.38 and its 200-day moving average price is $18.10. Prudential plc has a 52 week low of $15.77 and a 52 week high of $23.73.
Prudential Cuts Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th were given a dividend of $0.1368 per share. The ex-dividend date of this dividend was Friday, September 6th.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Prudential from a "buy" rating to a "hold" rating in a report on Monday, August 5th. StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research note on Wednesday, August 28th. Finally, Barclays raised shares of Prudential to a "strong-buy" rating in a research note on Tuesday, October 15th.
Read Our Latest Report on PUK
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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