9,657 Shares in Prudential Public Limited Company $PUK Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new position in Prudential Public Limited Company (NYSE:PUK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,657 shares of the financial services provider’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PUK. Smartleaf Asset Management LLC increased its holdings in shares of Prudential Public by 38.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 707 shares during the period. SVB Wealth LLC bought a new stake in Prudential Public during the first quarter valued at about $60,000. Geneos Wealth Management Inc. boosted its position in Prudential Public by 86.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,709 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Prudential Public by 29.0% during the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider’s stock valued at $84,000 after buying an additional 883 shares during the last quarter. Finally, Allianz SE purchased a new stake in shares of Prudential Public during the first quarter valued at about $88,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on PUK shares. Wall Street Zen lowered shares of Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prudential Public in a report on Saturday, September 27th. Barclays reissued an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Finally, UBS Group reiterated a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Prudential Public has an average rating of “Moderate Buy”.

Prudential Public Trading Down 1.1%

NYSE:PUK opened at $26.80 on Friday. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $28.32. The company’s 50 day moving average is $27.00 and its two-hundred day moving average is $24.32. The company has a market cap of $34.42 billion, a PE ratio of 11.55, a P/E/G ratio of 0.78 and a beta of 1.02.

Prudential Public Dividend Announcement

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

Prudential Public 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.