Prudential Public (NYSE:PUK) Shares Gap Up – Here’s What Happened

Shares of Prudential Public Limited Company (NYSE:PUK) gapped up prior to trading on Wednesday . The stock had previously closed at $28.88, but opened at $30.07. Prudential Public shares last traded at $29.8750, with a volume of 488,685 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Zacks Research raised shares of Prudential Public from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Finally, Jefferies Financial Group lowered shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Prudential Public presently has an average rating of “Moderate Buy”.

Prudential Public Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $28.14 and its 200 day simple moving average is $29.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Manchester Capital Management LLC lifted its position in shares of Prudential Public by 1,103.0% during the 4th quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after buying an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Prudential Public in the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its holdings in Prudential Public by 626.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,429 shares in the last quarter. Allworth Financial LP raised its stake in Prudential Public by 47.0% during the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 480 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Prudential Public by 2,583.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 2,454 shares during the period. Institutional investors own 1.90% of the company’s stock.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London?headquartered international life insurance and financial services group. The company provides a range of long?term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third?party distribution channels.

Prudential operates across multiple regions, with significant focus on fast?growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.