Prudential plc (NYSE:PUK) Receives Average Recommendation of “Hold” from Brokerages

Prudential plc (NYSE:PUK) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company.

A number of analysts have recently commented on the company. Bank of America raised Prudential from a “neutral” rating to a “buy” rating in a research report on Monday, August 23rd. Zacks Investment Research downgraded Prudential from a “hold” rating to a “strong sell” rating in a report on Friday, July 23rd. Barclays restated an “overweight” rating on shares of Prudential in a report on Friday, September 10th. UBS Group reiterated a “buy” rating on shares of Prudential in a research note on Thursday, August 5th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Prudential in a research note on Wednesday, September 8th.

A number of institutional investors and hedge funds have recently bought and sold shares of PUK. Red Door Wealth Management LLC purchased a new stake in Prudential during the 2nd quarter valued at $25,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Prudential in the first quarter worth $30,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Prudential during the first quarter valued at $38,000. CWM LLC lifted its holdings in Prudential by 81.2% in the first quarter. CWM LLC now owns 1,029 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 461 shares during the period. Finally, Bessemer Group Inc. boosted its position in Prudential by 394.3% in the first quarter. Bessemer Group Inc. now owns 1,127 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 899 shares during the last quarter. Institutional investors and hedge funds own 1.69% of the company’s stock.

NYSE:PUK traded down $0.96 during mid-day trading on Friday, hitting $41.20. 146,878 shares of the company’s stock were exchanged, compared to its average volume of 259,732. The company has a market cap of $53.76 billion, a PE ratio of 11.74, a P/E/G ratio of 5.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.04 and a quick ratio of 0.02. Prudential has a one year low of $23.99 and a one year high of $44.99. The business has a fifty day moving average price of $40.23 and a 200 day moving average price of $41.39.

The firm also recently announced a dividend, which was paid on Friday, September 17th. Shareholders of record on Tuesday, September 21st were given a $0.161 dividend. This represents a yield of 0.78%. The ex-dividend date was Monday, September 20th. Prudential’s dividend payout ratio (DPR) is 5.98%.

About Prudential

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.

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Analyst Recommendations for Prudential (NYSE:PUK)

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