Prudential Public Limited (NYSE:PUK)’s stock price shot up 5.2% during trading on Friday . The company traded as high as $38.25 and last traded at $37.75, 754,700 shares changed hands during trading. An increase of 160% from the average session volume of 290,698 shares. The stock had previously closed at $35.89.
A number of brokerages recently commented on PUK. Zacks Investment Research upgraded shares of Prudential Public from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Macquarie started coverage on shares of Prudential Public in a research note on Wednesday, October 2nd. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Prudential Public presently has an average rating of “Hold”.
The firm’s 50 day simple moving average is $35.13 and its 200-day simple moving average is $40.33. The stock has a market capitalization of $44.31 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47.
The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, August 23rd were paid a $0.397 dividend. This is a positive change from Prudential Public’s previous dividend of $0.34. The ex-dividend date was Thursday, August 22nd. Prudential Public’s payout ratio is presently 16.40%.
Hedge funds have recently modified their holdings of the business. Motco acquired a new stake in Prudential Public in the 2nd quarter valued at $26,000. Tower Research Capital LLC TRC increased its stake in Prudential Public by 529.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 800 shares of the financial services provider’s stock valued at $35,000 after buying an additional 673 shares during the last quarter. Advisory Services Network LLC increased its stake in Prudential Public by 681.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,031 shares of the financial services provider’s stock valued at $45,000 after buying an additional 899 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Prudential Public in the 2nd quarter valued at $200,000. Finally, 180 Wealth Advisors LLC acquired a new stake in Prudential Public in the 2nd quarter valued at $231,000. Hedge funds and other institutional investors own 1.98% of the company’s stock.
About Prudential Public (NYSE:PUK)
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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