StockNews.com upgraded shares of Prudential (NYSE:PUK - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.
Prudential Trading Up 0.9 %
Shares of NYSE:PUK traded up $0.19 during trading on Friday, reaching $21.44. The company had a trading volume of 863,412 shares, compared to its average volume of 1,018,487. The company has a fifty day moving average of $17.86 and a two-hundred day moving average of $17.08. The stock has a market capitalization of $28.21 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21. Prudential has a 12 month low of $14.39 and a 12 month high of $21.26.
Prudential Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 28th will be given a dividend of $0.3258 per share. This is a positive change from Prudential's previous dividend of $0.24. The ex-dividend date of this dividend is Friday, March 28th. Prudential's dividend payout ratio (DPR) is presently 28.02%.
Hedge Funds Weigh In On Prudential
Several hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,497 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Prudential in the fourth quarter worth $30,000. Advisors Preferred LLC purchased a new position in Prudential during the fourth quarter valued at $31,000. GAMMA Investing LLC grew its position in shares of Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock worth $37,000 after buying an additional 1,127 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Prudential by 52.6% in the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after acquiring an additional 1,049 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.
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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