Shares of Prudential plc (NYSE:PUK - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $15.85, but opened at $16.27. Prudential shares last traded at $16.19, with a volume of 153,400 shares.
Analyst Ratings Changes
PUK has been the topic of several research reports. Barclays raised Prudential to a "strong-buy" rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered Prudential from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th.
Read Our Latest Stock Analysis on PUK
Prudential Price Performance
The firm has a fifty day moving average of $17.16 and a 200-day moving average of $17.94.
Prudential Cuts Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th were given a $0.1368 dividend. The ex-dividend date of this dividend was Friday, September 6th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Marshall Wace LLP increased its position in Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider's stock worth $19,723,000 after acquiring an additional 128,124 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Prudential during the third quarter valued at $19,505,000. Envestnet Asset Management Inc. grew its position in shares of Prudential by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider's stock worth $16,829,000 after buying an additional 72,093 shares during the period. Bank of Montreal Can raised its position in shares of Prudential by 15.0% during the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider's stock valued at $15,418,000 after acquiring an additional 103,625 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Prudential by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider's stock valued at $13,960,000 after buying an additional 4,082 shares during the period. 1.90% of the stock is owned by institutional investors and hedge funds.
Prudential Company Profile
(
Get 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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