Signaturefd LLC raised its holdings in shares of Prudential plc (NYSE:PUK - Free Report) by 126.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,674 shares of the financial services provider's stock after buying an additional 13,213 shares during the period. Signaturefd LLC's holdings in Prudential were worth $377,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in Prudential by 417.0% in the 4th 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 during the period. Whipplewood Advisors LLC purchased a new stake in Prudential during the fourth quarter worth $30,000. Advisors Preferred LLC bought a new stake in Prudential during the 4th quarter valued at $31,000. GAMMA Investing LLC increased its holdings 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 valued at $37,000 after acquiring an additional 1,127 shares during the period. Finally, Ballentine Partners LLC bought a new position in shares of Prudential in the 4th quarter worth $163,000. Institutional investors own 1.90% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research report on Saturday.
Get Our Latest Analysis on PUK
Prudential Stock Up 0.9 %
Shares of NYSE PUK traded up $0.19 during trading hours on Tuesday, hitting $21.44. 863,422 shares of the stock were exchanged, compared to its average volume of 1,018,487. The company has a market cap of $28.21 billion, a PE ratio of 9.24, a PEG ratio of 0.41 and a beta of 1.21. Prudential plc has a 12 month low of $14.39 and a 12 month high of $21.26. The firm has a fifty day moving average price of $17.86 and a 200-day moving average price of $17.08.
Prudential Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be given a $0.3258 dividend. This is a boost from Prudential's previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential's dividend payout ratio (DPR) is presently 28.02%.
Prudential Profile
(
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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