Raymond James & Associates increased its position in shares of Prudential Public Limited (NYSE:PUK) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 503,273 shares of the financial services provider’s stock after purchasing an additional 23,157 shares during the quarter. Raymond James & Associates’ holdings in Prudential Public were worth $25,556,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in Prudential Public by 181.1% in the fourth quarter. Deutsche Bank AG now owns 246,877 shares of the financial services provider’s stock valued at $12,536,000 after buying an additional 159,039 shares during the last quarter. Jefferies Group LLC bought a new stake in Prudential Public in the fourth quarter valued at $542,000. Advisor Group Inc. lifted its stake in Prudential Public by 20.7% in the fourth quarter. Advisor Group Inc. now owns 19,333 shares of the financial services provider’s stock valued at $982,000 after buying an additional 3,310 shares during the last quarter. Scotia Capital Inc. lifted its stake in Prudential Public by 21.8% in the fourth quarter. Scotia Capital Inc. now owns 6,489 shares of the financial services provider’s stock valued at $330,000 after buying an additional 1,160 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its stake in Prudential Public by 5.5% in the fourth quarter. ETRADE Capital Management LLC now owns 56,406 shares of the financial services provider’s stock valued at $2,864,000 after buying an additional 2,922 shares during the last quarter. Hedge funds and other institutional investors own 1.57% of the company’s stock.
A number of research firms have issued reports on PUK. Zacks Investment Research upgraded Prudential Public from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Tuesday, March 27th. ValuEngine lowered Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Finally, Berenberg Bank lowered Prudential Public from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.00.
Shares of PUK traded down $0.54 during trading hours on Friday, reaching $49.71. 162,303 shares of the company’s stock traded hands, compared to its average volume of 224,847. The firm has a market capitalization of $64,306.94, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.03 and a current ratio of 0.03. Prudential Public Limited has a twelve month low of $41.12 and a twelve month high of $55.36.
The firm also recently declared a semiannual dividend, which will be paid on Friday, May 25th. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.9068 per share. This represents a dividend yield of 3.4%. This is a positive change from Prudential Public’s previous semiannual dividend of $0.38. The ex-dividend date is Monday, April 2nd. Prudential Public’s dividend payout ratio (DPR) is 48.40%.
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About Prudential Public
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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