Jane Street Group LLC cut its holdings in shares of Prudential Public Limited (NYSE:PUK) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,349,632 shares of the financial services provider’s stock after selling 104,926 shares during the period. Jane Street Group LLC owned 0.10% of Prudential Public worth $68,534,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in PUK. Stevens Capital Management LP acquired a new stake in shares of Prudential Public in the 3rd quarter valued at approximately $204,000. Sei Investments Co. increased its stake in Prudential Public by 2.4% during the 3rd quarter. Sei Investments Co. now owns 149,553 shares of the financial services provider’s stock worth $7,165,000 after purchasing an additional 3,512 shares in the last quarter. Advisor Group Inc. increased its stake in Prudential Public by 257.6% during the 3rd quarter. Advisor Group Inc. now owns 16,023 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 11,542 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Prudential Public by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 317,899 shares of the financial services provider’s stock worth $15,230,000 after purchasing an additional 2,975 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Prudential Public by 1.8% during the 3rd quarter. Comerica Bank now owns 73,184 shares of the financial services provider’s stock worth $3,567,000 after acquiring an additional 1,281 shares in the last quarter. Institutional investors own 1.57% of the company’s stock.
Several brokerages have recently weighed in on PUK. Zacks Investment Research cut shares of Prudential Public from a “buy” rating to a “hold” rating in a research note on Friday. Berenberg Bank cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Finally, ValuEngine downgraded Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.00.
PUK opened at $49.71 on Friday. Prudential Public Limited has a fifty-two week low of $41.12 and a fifty-two week high of $55.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market cap of $64,552.73, a PE ratio of 13.29, a PEG ratio of 1.30 and a beta of 1.56.
The business also recently declared a semiannual dividend, which will be paid on Friday, May 25th. Investors of record on Tuesday, April 3rd will be paid a $0.9068 dividend. This represents a yield of 3.4%. The ex-dividend date is Monday, April 2nd. This is an increase from Prudential Public’s previous semiannual dividend of $0.38. Prudential Public’s payout ratio is 48.40%.
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Prudential Public Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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