Comerica Bank lifted its stake in shares of Prudential Public Limited (NYSE:PUK) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,125 shares of the financial services provider’s stock after purchasing an additional 1,342 shares during the quarter. Comerica Bank’s holdings in Prudential Public were worth $3,121,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new stake in shares of Prudential Public during the 4th quarter worth $37,000. CNB Bank bought a new stake in shares of Prudential Public during the 4th quarter worth $39,000. Moody National Bank Trust Division bought a new stake in shares of Prudential Public during the 4th quarter worth $43,000. Stratos Wealth Partners LTD. bought a new stake in shares of Prudential Public during the 3rd quarter worth $104,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Prudential Public during the 3rd quarter worth $135,000. 1.56% of the stock is currently owned by institutional investors.
Shares of PUK stock opened at $42.20 on Friday. Prudential Public Limited has a twelve month low of $33.31 and a twelve month high of $54.70. The firm has a market cap of $52.15 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36.
Several brokerages recently weighed in on PUK. ValuEngine downgraded Prudential Public from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Societe Generale downgraded Prudential Public from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Prudential Public from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Evercore ISI upgraded Prudential Public from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $57.00.
About Prudential Public
Prudential plc, together with 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 and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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