Prudential Public (NYSE:PUK) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Several other equities research analysts have also commented on PUK. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Friday, October 2nd. Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Berenberg Bank initiated coverage on shares of Prudential Public in a report on Thursday, September 3rd. They set a “buy” rating and a $39.30 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.30.

Prudential Public Price Performance

Shares of PUK stock opened at $26.01 on Friday. The business has a 50-day simple moving average of $25.27 and a 200-day simple moving average of $28.37. Prudential Public has a 52-week low of $23.31 and a 52-week high of $34.03.

Prudential Public (NYSE:PUK) last issued its earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $3.90 billion during the quarter. As a group, sell-side analysts expect that Prudential Public will post 2.30 EPS for the current year.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th were given a dividend of $0.1776 per share. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 133.0%.

Hedge Funds Weigh In On Prudential Public

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Prudential Public in the 2nd quarter worth about $26,000. First Command Advisory Services Inc. increased its position in shares of Prudential Public by 834.4% in the third quarter. First Command Advisory Services Inc. now owns 1,523 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,360 shares in the last quarter. Mather Group LLC. increased its position in shares of Prudential Public by 746.3% in the third quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,560 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of Prudential Public in the first quarter valued at approximately $166,000. Finally, Parallel Advisors LLC raised its stake in shares of Prudential Public by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 8,221 shares of the financial services provider’s stock worth $234,000 after buying an additional 919 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About Prudential Public