OLD Mission Capital LLC decreased its position in shares of Prudential plc (NYSE:PUK - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,563 shares of the financial services provider's stock after selling 223,903 shares during the quarter. OLD Mission Capital LLC's holdings in Prudential were worth $2,209,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,497 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Prudential in the 4th quarter valued at about $30,000. Advisors Preferred LLC bought a new stake in shares of Prudential during the 4th quarter valued at about $31,000. GAMMA Investing LLC grew its stake in Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock worth $37,000 after purchasing an additional 1,127 shares during the period. Finally, National Bank of Canada FI increased its holdings in Prudential by 52.6% in the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after purchasing an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.
Prudential Price Performance
Shares of PUK traded down $1.71 during trading hours on Friday, hitting $19.22. The stock had a trading volume of 1,790,154 shares, compared to its average volume of 1,018,413. Prudential plc has a 1-year low of $14.39 and a 1-year high of $22.01. The firm has a market capitalization of $25.28 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. The firm has a 50 day simple moving average of $18.87 and a 200-day simple moving average of $17.38.
Prudential Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.3258 per share. This is an increase from Prudential's previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential's payout ratio is currently 28.02%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd.
Read Our Latest Analysis 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.
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