Sequoia Financial Advisors LLC Buys Shares of 8,169 Prudential Public Limited Company $PUK

Sequoia Financial Advisors LLC bought a new stake in Prudential Public Limited Company (NYSE:PUK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,169 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC raised its stake in shares of Prudential Public by 2.4% in the second quarter. Ballentine Partners LLC now owns 18,598 shares of the financial services provider’s stock valued at $465,000 after buying an additional 430 shares during the period. Choreo LLC raised its stake in shares of Prudential Public by 5.6% in the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider’s stock valued at $259,000 after buying an additional 644 shares during the period. Gallacher Capital Management LLC raised its stake in shares of Prudential Public by 4.5% in the second quarter. Gallacher Capital Management LLC now owns 16,269 shares of the financial services provider’s stock valued at $407,000 after buying an additional 706 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock valued at $55,000 after buying an additional 707 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Prudential Public by 7.9% in the first quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider’s stock valued at $257,000 after buying an additional 877 shares during the period. 1.90% of the stock is currently owned by institutional investors.

Prudential Public Stock Performance

Shares of NYSE PUK opened at $27.31 on Friday. The stock has a market cap of $35.00 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. Prudential Public Limited Company has a fifty-two week low of $14.39 and a fifty-two week high of $28.32. The stock has a fifty day moving average of $27.19 and a 200-day moving average of $24.70.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 16th. Investors of record on Friday, September 5th were given a dividend of $0.1542 per share. This represents a yield of 117.0%. The ex-dividend date was Friday, September 5th. Prudential Public’s payout ratio is presently 12.50%.

Analyst Upgrades and Downgrades

PUK has been the topic of several research reports. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Barclays reiterated an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research report on Tuesday, October 14th. Finally, UBS Group reiterated a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Prudential Public

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.