Quantbot Technologies LP Purchases New Holdings in Prudential plc (NYSE:PUK)

Quantbot Technologies LP acquired a new position in shares of Prudential plc (NYSE:PUK) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,954 shares of the financial services provider’s stock, valued at approximately $382,000.

A number of other institutional investors also recently made changes to their positions in PUK. Crossmark Global Holdings Inc. raised its holdings in Prudential by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 935 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Prudential by 417.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,497 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Prudential in the 4th quarter valued at about $30,000. Finally, Advisors Preferred LLC bought a new position in shares of Prudential during the fourth quarter worth about $31,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Price Performance

Prudential stock opened at $21.46 on Friday. Prudential plc has a 12 month low of $14.39 and a 12 month high of $22.01. The company has a fifty day moving average price of $18.37 and a two-hundred day moving average price of $17.22. The company has a market cap of $28.24 billion, a PE ratio of 9.25, a P/E/G ratio of 0.41 and a beta of 1.21.

Prudential Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 28th will be given a dividend of $0.3258 per share. The ex-dividend date is Friday, March 28th. This is an increase from Prudential’s previous dividend of $0.24. Prudential’s dividend payout ratio is currently 28.02%.

Analyst Ratings Changes

Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd.

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.