AMG National Trust Bank reduced its stake in Prudential plc (NYSE:PUK - Free Report) by 50.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,907 shares of the financial services provider's stock after selling 74,677 shares during the period. AMG National Trust Bank's holdings in Prudential were worth $1,171,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its stake in Prudential by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider's stock valued at $1,777,000 after buying an additional 935 shares in the last quarter. GAMMA Investing LLC raised its stake in Prudential by 95.8% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,127 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 in the last quarter. Whipplewood Advisors LLC acquired a new stake in Prudential in the fourth quarter valued at $30,000. Finally, Advisors Preferred LLC acquired a new stake in Prudential in the fourth quarter valued at $31,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Prudential Price Performance
Shares of PUK traded up $0.31 during midday trading on Wednesday, reaching $19.41. 962,043 shares of the stock were exchanged, compared to its average volume of 1,041,123. The business's 50-day moving average price is $17.00 and its 200 day moving average price is $16.90. Prudential plc has a twelve month low of $14.39 and a twelve month high of $21.10. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.41 and a beta of 1.21.
Analyst Ratings Changes
Separately, StockNews.com upgraded Prudential from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd.
Read Our Latest Research Report 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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