Oppenheimer Asset Management Inc. Decreases Stock Holdings in Prudential plc (NYSE:PUK)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Prudential plc (NYSE:PUK - Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,154 shares of the financial services provider's stock after selling 41,444 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Prudential were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PUK. JPMorgan Chase & Co. lifted its holdings in shares of Prudential by 353.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider's stock valued at $5,436,000 after buying an additional 228,499 shares during the period. GAMMA Investing LLC boosted its position in Prudential by 95.8% in 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 last quarter. ABC Arbitrage SA purchased a new position in Prudential in the fourth quarter worth about $16,207,000. Point72 Asset Management L.P. bought a new stake in shares of Prudential during the 3rd quarter valued at about $1,281,000. Finally, Crossmark Global Holdings Inc. increased its position in shares of Prudential by 47.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider's stock valued at $2,049,000 after purchasing an additional 35,668 shares during the last quarter. Institutional investors own 1.90% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd.

Prudential Stock Up 2.3 %

PUK traded up $0.44 during midday trading on Friday, reaching $19.66. The company had a trading volume of 917,608 shares, compared to its average volume of 1,051,524. The business has a 50-day moving average of $16.80 and a two-hundred day moving average of $16.86. Prudential plc has a 1 year low of $14.39 and a 1 year high of $21.27. The company has a market cap of $25.92 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.41 and a beta of 1.21.

Prudential Profile

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.