Natixis Advisors LLC Has $5.05 Million Stock Position in Prudential Public Limited Company $PUK

Natixis Advisors LLC trimmed its position in Prudential Public Limited Company (NYSE:PUK) by 32.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 162,253 shares of the financial services provider’s stock after selling 78,898 shares during the period. Natixis Advisors LLC’s holdings in Prudential Public were worth $5,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PUK. Bessemer Group Inc. lifted its stake in shares of Prudential Public by 59.9% in the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Prudential Public by 448.0% in the third quarter. Assetmark Inc. now owns 1,633 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,335 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Prudential Public by 626.8% in the third quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,429 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Prudential Public by 47.0% in 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. Finally, Community Bank N.A. acquired a new stake in Prudential Public in the 3rd quarter valued at approximately $69,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PUK shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Wednesday, April 8th. Jefferies Financial Group lowered Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Prudential Public Stock Performance

PUK opened at $25.59 on Tuesday. Prudential Public Limited Company has a 12-month low of $23.52 and a 12-month high of $34.03. The stock’s 50 day moving average price is $29.95 and its two-hundred day moving average price is $30.33. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The firm had revenue of $7.59 billion for the quarter. Sell-side analysts predict that Prudential Public Limited Company will post 2.16 earnings per share for the current year.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, March 27th were issued a dividend of $0.3778 per share. This represents a dividend yield of 272.0%. The ex-dividend date of this dividend was Friday, March 27th.

About Prudential Public

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.