StockNews.com lowered shares of Prudential (NYSE:PUK - Free Report) from a hold rating to a sell rating in a research report report published on Friday.
Prudential Stock Up 0.1 %
Prudential stock traded up $0.02 during trading hours on Friday, hitting $20.22. The stock had a trading volume of 705,808 shares, compared to its average volume of 1,015,596. The company has a 50-day moving average of $17.31 and a two-hundred day moving average of $16.96. The company has a market cap of $26.60 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21. Prudential has a fifty-two week low of $14.39 and a fifty-two week high of $21.10.
Institutional Investors Weigh In On Prudential
A number of hedge funds and other institutional investors have recently bought and sold shares of PUK. ABC Arbitrage SA acquired a new stake in Prudential during the 4th quarter valued at $16,207,000. Bank of Montreal Can increased its holdings in Prudential by 165.3% during the 4th quarter. Bank of Montreal Can now owns 1,554,255 shares of the financial services provider's stock valued at $24,775,000 after purchasing an additional 968,317 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Prudential by 1,133.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider's stock valued at $16,757,000 after purchasing an additional 965,985 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Prudential by 321.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider's stock valued at $19,713,000 after purchasing an additional 943,487 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in Prudential by 93.2% during the 4th quarter. Optiver Holding B.V. now owns 629,567 shares of the financial services provider's stock valued at $10,035,000 after purchasing an additional 303,783 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
About Prudential
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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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