Rhumbline Advisers Sells 1,758 Shares of Prudential Public Limited Company $PUK

Rhumbline Advisers lessened its holdings in Prudential Public Limited Company (NYSE:PUK) by 13.1% during the first quarter, HoldingsChannel.com reports. The fund owned 11,673 shares of the financial services provider’s stock after selling 1,758 shares during the period. Rhumbline Advisers’ holdings in Prudential Public were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Prudential Public by 33.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 79,442 shares of the financial services provider’s stock valued at $1,266,000 after acquiring an additional 19,889 shares during the last quarter. Northern Trust Corp grew its position in Prudential Public by 8.3% in the first quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock valued at $40,380,000 after acquiring an additional 144,354 shares during the last quarter. GAMMA Investing LLC grew its position in Prudential Public by 182.6% in the first quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 4,205 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Prudential Public in the first quarter valued at about $272,000. Finally, Janney Montgomery Scott LLC bought a new position in Prudential Public in the first quarter valued at about $201,000. Institutional investors own 1.90% of the company’s stock.

Prudential Public Stock Performance

Shares of PUK stock opened at $27.56 on Friday. The business’s 50-day moving average price is $26.42 and its 200-day moving average price is $23.75. Prudential Public Limited Company has a 12 month low of $14.39 and a 12 month high of $28.24. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.79 and a beta of 1.04. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 16th. Investors of record on Friday, September 5th will be paid a $0.1542 dividend. This represents a dividend yield of 117.0%. The ex-dividend date of this dividend is Friday, September 5th. Prudential Public’s payout ratio is currently 12.50%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen cut Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group reissued a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Barclays reissued an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft raised Prudential Public from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Prudential Public presently has an average rating of “Buy”.

Prudential Public Company Profile

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.