Prudential plc (NYSE:PUK - Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 246,800 shares, a decrease of 21.1% from the December 15th total of 312,700 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 0.2 days.
Wall Street Analyst Weigh In
A number of research firms have commented on PUK. StockNews.com downgraded Prudential from a "hold" rating to a "sell" rating in a report on Monday, November 25th. Barclays raised shares of Prudential to a "strong-buy" rating in a report on Tuesday, October 15th.
Check Out Our Latest Research Report on Prudential
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PUK. Mediolanum International Funds Ltd acquired a new stake in Prudential in the 3rd quarter valued at about $19,505,000. StoneX Group Inc. acquired a new position in shares of Prudential in the third quarter worth $5,090,000. JPMorgan Chase & Co. lifted its position in shares of Prudential by 353.1% in the third quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider's stock valued at $5,436,000 after acquiring an additional 228,499 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider's stock valued at $19,723,000 after acquiring an additional 128,124 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Prudential by 15.0% during the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider's stock worth $15,418,000 after purchasing an additional 103,625 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.
Prudential Stock Performance
PUK stock traded up $0.30 during midday trading on Wednesday, hitting $15.04. 1,132,448 shares of the stock were exchanged, compared to its average volume of 1,099,628. The stock's 50-day moving average price is $16.07 and its 200-day moving average price is $16.98. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.46 and a beta of 1.20. Prudential has a fifty-two week low of $14.39 and a fifty-two week high of $22.07.
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.
Read More
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
