Prudential Public Limited Company (NYSE:PUK) Given Average Recommendation of “Moderate Buy” by Brokerages

Prudential Public Limited Company (NYSE:PUK) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.30.

Several analysts recently issued reports on PUK shares. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Zacks Research downgraded shares of Prudential Public from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Finally, Berenberg Bank set a $39.30 price objective on shares of Prudential Public and gave the stock a “buy” rating in a report on Thursday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PUK. Transmarket Holdings LP purchased a new stake in shares of Prudential Public in the 1st quarter valued at $4,790,000. Bank of America Corp DE boosted its holdings in Prudential Public by 5.6% during the 1st quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after acquiring an additional 238,189 shares during the period. UBS Group AG grew its position in Prudential Public by 11.3% in the 4th quarter. UBS Group AG now owns 177,598 shares of the financial services provider’s stock valued at $5,527,000 after acquiring an additional 18,060 shares in the last quarter. Madison Asset Management LLC acquired a new position in Prudential Public in the 2nd quarter valued at about $2,366,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Prudential Public by 13.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock worth $68,157,000 after purchasing an additional 292,677 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Trading Up 0.0%

PUK stock opened at $27.76 on Tuesday. The business has a fifty day moving average of $28.28 and a two-hundred day moving average of $28.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.04. Prudential Public has a 52-week low of $24.61 and a 52-week high of $34.03.

Prudential Public (NYSE:PUK) last posted its earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The business had revenue of $3.90 billion during the quarter. Analysts predict that Prudential Public will post 1.98 EPS for the current fiscal year.

Prudential Public Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th will be given a $0.1776 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 128.0%.

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.