Quantinno Capital Management LP Has $3.18 Million Holdings in Prudential plc (NYSE:PUK)

Quantinno Capital Management LP cut its holdings in Prudential plc (NYSE:PUK) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,395 shares of the financial services provider’s stock after selling 6,762 shares during the period. Quantinno Capital Management LP’s holdings in Prudential were worth $3,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Prudential by 417.0% in the fourth 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 during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Prudential in the fourth quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new stake in shares of Prudential in the fourth quarter valued at approximately $31,000. National Bank of Canada FI raised its holdings in shares of Prudential by 52.6% in the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Prudential in the fourth quarter valued at approximately $163,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PUK has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Prudential in a report on Tuesday, May 13th. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Finally, Citigroup restated a “buy” rating on shares of Prudential in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Prudential presently has a consensus rating of “Moderate Buy”.

Prudential Trading Up 0.5%

Shares of PUK opened at $23.26 on Tuesday. The company has a market cap of $30.39 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.41 and a beta of 0.98. Prudential plc has a 1-year low of $14.39 and a 1-year high of $23.35. The company’s fifty day simple moving average is $20.99 and its 200 day simple moving average is $18.20.

Prudential Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, March 28th were issued a dividend of $0.3258 per share. This is an increase from Prudential’s previous dividend of $0.24. The ex-dividend date was Friday, March 28th. Prudential’s payout ratio is presently 28.02%.

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.