O Shaughnessy Asset Management LLC acquired a new position in Prudential plc (NYSE:PUK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,120 shares of the financial services provider's stock, valued at approximately $305,000.
Other institutional investors have also added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new stake in shares of Prudential in the fourth quarter worth approximately $16,207,000. Arrowstreet Capital Limited Partnership increased its stake in Prudential by 1,133.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock worth $16,757,000 after purchasing an additional 965,985 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Prudential by 321.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock worth $19,713,000 after purchasing an additional 943,487 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Prudential during the fourth quarter worth $1,917,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Prudential during the fourth quarter valued at $1,355,000. Institutional investors own 1.90% of the company's stock.
Prudential Trading Up 0.3 %
Shares of Prudential stock traded up $0.07 during trading on Tuesday, hitting $20.19. 825,469 shares of the stock traded hands, compared to its average volume of 1,041,480. Prudential plc has a 52-week low of $14.39 and a 52-week high of $22.01. The stock's fifty day simple moving average is $19.26 and its 200 day simple moving average is $17.47. The firm has a market cap of $26.49 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00.
Prudential Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be issued a $0.3258 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Prudential's previous dividend of $0.24. Prudential's payout ratio is currently 28.02%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on PUK shares. Citigroup reiterated a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock 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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