Trexquant Investment LP cut its holdings in shares of Prudential plc (NYSE:PUK - Free Report) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,177 shares of the financial services provider's stock after selling 43,069 shares during the period. Trexquant Investment LP's holdings in Prudential were worth $1,740,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,497 shares during the period. Whipplewood Advisors LLC bought a new stake in Prudential in the 4th quarter worth approximately $30,000. Advisors Preferred LLC purchased a new stake in Prudential during the 4th quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in shares of Prudential by 95.8% during the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,127 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Prudential by 52.6% in the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock worth $48,000 after acquiring an additional 1,049 shares during the period. 1.90% of the stock is currently owned by institutional investors.
Prudential Stock Up 2.4 %
NYSE:PUK traded up $0.46 during mid-day trading on Monday, hitting $20.00. 122,244 shares of the company traded hands, compared to its average volume of 1,038,375. The stock's fifty day moving average price is $19.19 and its 200-day moving average price is $17.46. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. Prudential plc has a one year low of $14.39 and a one year high of $22.01.
Prudential Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors 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 of this dividend is Friday, March 28th. Prudential's dividend payout ratio is currently 28.02%.
Analysts Set New Price Targets
Several research analysts have issued reports on PUK shares. StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Citigroup reissued a "buy" rating on shares of Prudential in a report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Prudential has an average rating of "Moderate Buy".
Check Out Our Latest Report on Prudential
Prudential Company 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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