Barclays upgraded shares of Prudential (NYSE:PUK - Free Report) to a strong-buy rating in a report published on Tuesday, Zacks.com reports.
Several other equities research analysts have also recently weighed in on PUK. StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. BNP Paribas raised shares of Prudential from a "neutral" rating to an "outperform" rating in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Prudential from a "buy" rating to a "hold" rating in a research report on Monday, August 5th.
View Our Latest Report on Prudential
Prudential Price Performance
Shares of NYSE PUK traded down $0.21 during trading hours on Tuesday, hitting $17.10. 2,407,588 shares of the company's stock were exchanged, compared to its average volume of 953,700. The company's 50-day moving average price is $17.32 and its 200-day moving average price is $18.15. Prudential has a 1-year low of $15.77 and a 1-year high of $23.73. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 0.50 and a beta of 1.22.
Prudential Cuts Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th will be issued a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th. Prudential's payout ratio is 12.62%.
Institutional Trading of Prudential
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUK. EverSource Wealth Advisors LLC lifted its holdings in Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 699 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Prudential in the 2nd quarter worth approximately $44,000. Russell Investments Group Ltd. grew its position in Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider's stock worth $52,000 after acquiring an additional 1,342 shares during the last quarter. Blue Trust Inc. increased its holdings in Prudential by 202.2% during the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Prudential in the 1st quarter valued at $75,000. Institutional investors own 1.90% of the company's stock.
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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