Highland Capital Management LLC Acquires 1,800 Shares of Prudential Public Limited Company (PUK)

Highland Capital Management LLC raised its stake in Prudential Public Limited Company (NYSE:PUK) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,104 shares of the financial services provider’s stock after buying an additional 1,800 shares during the period. Highland Capital Management LLC’s holdings in Prudential Public Limited were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Feltz Wealth PLAN Inc. acquired a new position in Prudential Public Limited during the first quarter valued at $108,000. PNC Financial Services Group Inc. increased its position in Prudential Public Limited by 156.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,861 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,747 shares during the last quarter. Quadrant Capital Group LLC increased its position in Prudential Public Limited by 175.1% in the first quarter. Quadrant Capital Group LLC now owns 2,935 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,868 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Prudential Public Limited during the first quarter valued at $228,000. Finally, Addenda Capital Inc. acquired a new position in Prudential Public Limited during the first quarter valued at $260,000. Institutional investors and hedge funds own 1.65% of the company’s stock.

Shares of Prudential Public Limited Company (NYSE:PUK) traded up 0.34% during mid-day trading on Friday, hitting $46.77. 53,774 shares of the stock traded hands. The firm has a 50 day moving average of $45.91 and a 200 day moving average of $42.90. The stock has a market cap of $60.11 billion, a price-to-earnings ratio of 24.18 and a beta of 1.58. Prudential Public Limited Company has a 12 month low of $32.52 and a 12 month high of $47.00.

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Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Prudential Public Limited from a “sell” rating to a “hold” rating in a research report on Saturday, April 1st. BidaskClub upgraded shares of Prudential Public Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Prudential Public Limited in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Prudential Public Limited has a consensus rating of “Buy” and a consensus price target of $46.70.

Prudential Public Limited Company Profile

Prudential Public Limited Company (Prudential) is a United Kingdom-based 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.

Institutional Ownership by Quarter for Prudential Public Limited (NYSE:PUK)

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