StoneX Group Inc. bought a new position in shares of Prudential plc (NYSE:PUK - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 274,565 shares of the financial services provider's stock, valued at approximately $5,090,000.
Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider's stock worth $40,000 after buying an additional 699 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Prudential in the 2nd quarter worth approximately $44,000. Blue Trust Inc. lifted its holdings in shares of Prudential by 202.2% in the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider's stock worth $52,000 after purchasing an additional 1,806 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Prudential by 98.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider's stock worth $52,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Prudential by 19.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 760 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on PUK. StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Finally, Barclays raised shares of Prudential to a "strong-buy" rating in a research report on Tuesday, October 15th.
View Our Latest Analysis on Prudential
Prudential Trading Down 0.8 %
Shares of PUK traded down $0.13 during mid-day trading on Friday, reaching $15.93. The company had a trading volume of 1,059,045 shares, compared to its average volume of 1,364,295. The company's 50 day simple moving average is $17.12 and its 200 day simple moving average is $17.83. Prudential plc has a 1-year low of $15.10 and a 1-year high of $23.37.
Prudential Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were paid a dividend of $0.1368 per share. The ex-dividend date was Friday, September 6th.
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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