Headlands Technologies LLC decreased its position in shares of Prudential plc (NYSE:PUK - Free Report) by 59.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,872 shares of the financial services provider's stock after selling 38,341 shares during the quarter. Headlands Technologies LLC's holdings in Prudential were worth $412,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,497 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Prudential in the fourth quarter valued at approximately $30,000. Advisors Preferred LLC purchased a new position in shares of Prudential during the 4th quarter valued at approximately $31,000. GAMMA Investing LLC raised its position 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 acquiring an additional 1,127 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Prudential by 52.6% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.
Prudential Stock Performance
Shares of PUK stock traded down $0.39 on Tuesday, hitting $18.20. 1,421,889 shares of the stock traded hands, compared to its average volume of 1,024,071. Prudential plc has a twelve month low of $14.39 and a twelve month high of $22.01. The firm's 50-day moving average price is $18.91 and its two-hundred day moving average price is $17.39. The stock has a market capitalization of $23.95 billion, a PE ratio of 7.89, a PEG ratio of 0.41 and a beta of 1.00.
Prudential Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be issued a $0.3258 dividend. This is a positive change from Prudential's previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential's dividend payout ratio is currently 28.02%.
Analysts Set New Price Targets
A number of equities analysts have commented on PUK shares. StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Citigroup restated a "buy" rating on shares of Prudential in a research report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".
Get Our Latest 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.
See Also
Before you consider Prudential, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prudential wasn't on the list.
While Prudential currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
