Cetera Trust Company N.A Takes $108,000 Position in Prudential plc (NYSE:PUK)

Cetera Trust Company N.A purchased a new stake in shares of Prudential plc (NYSE:PUK) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,820 shares of the financial services provider’s stock, valued at approximately $108,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Prudential by 2.8% in the third quarter. Royal Bank of Canada now owns 2,104,380 shares of the financial services provider’s stock worth $46,129,000 after acquiring an additional 58,097 shares in the last quarter. Northern Trust Corp grew its position in Prudential by 11.2% in the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock worth $29,194,000 after acquiring an additional 134,347 shares in the last quarter. Causeway Capital Management LLC grew its position in Prudential by 42.1% in the third quarter. Causeway Capital Management LLC now owns 1,328,428 shares of the financial services provider’s stock worth $29,119,000 after acquiring an additional 393,374 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Prudential by 31.5% in the third quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock worth $15,989,000 after acquiring an additional 174,838 shares in the last quarter. Finally, Altrius Capital Management Inc grew its position in Prudential by 3.3% in the third quarter. Altrius Capital Management Inc now owns 268,224 shares of the financial services provider’s stock worth $5,879,000 after acquiring an additional 8,645 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Stock Up 1.8 %

Shares of NYSE:PUK opened at $18.45 on Tuesday. Prudential plc has a 52-week low of $17.12 and a 52-week high of $30.91. The firm has a fifty day moving average of $19.58 and a 200 day moving average of $20.95. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.22.

Prudential Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.2842 per share. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Monday, April 1st.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.