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

Wall Street Zen downgraded shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts also recently weighed in on PUK. Berenberg Bank set a $39.30 target price on Prudential Public and gave the company a “buy” rating in a research report on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Zacks Research cut shares of Prudential Public from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Prudential Public currently has an average rating of “Moderate Buy” and an average target price of $39.30.

Prudential Public Stock Down 0.2%

Shares of PUK opened at $26.64 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. Prudential Public has a 12 month low of $24.61 and a 12 month high of $34.03. The firm’s 50 day moving average is $28.21 and its 200-day moving average is $28.82.

Prudential Public (NYSE:PUK) last issued its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $3.90 billion during the quarter. On average, analysts expect that Prudential Public will post 2.34 EPS for the current year.

Prudential Public Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th will be paid a $0.1776 dividend. This represents a dividend yield of 133.0%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On Prudential Public

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in Prudential Public in the 2nd quarter valued at approximately $26,000. Allworth Financial LP grew its stake in shares of Prudential Public by 47.0% during the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after buying an additional 480 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Prudential Public by 2,583.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock worth $79,000 after buying an additional 2,454 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Prudential Public by 179.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,604 shares in the last quarter. Finally, Strategic Investment Advisors MI acquired a new position in shares of Prudential Public during the first quarter worth $166,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Company Profile

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.