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

Prudential Public Limited Company (NYSE:PUK) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several research analysts recently issued reports on PUK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Jefferies Financial Group downgraded Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st.

Institutional Investors Weigh In On Prudential Public

A number of institutional investors have recently modified their holdings of PUK. Morgan Stanley increased its position in shares of Prudential Public by 79.2% during the fourth quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider’s stock worth $151,442,000 after buying an additional 2,150,074 shares during the period. Bank of America Corp DE lifted its holdings in Prudential Public by 5.6% in the first 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 buying an additional 238,189 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Prudential Public by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock valued at $80,201,000 after buying an additional 240,416 shares during the period. Arrowstreet Capital Limited Partnership boosted its position 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 valued at $68,157,000 after acquiring an additional 292,677 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Prudential Public by 99.9% during the second quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider’s stock valued at $20,504,000 after acquiring an additional 409,517 shares during the last quarter. 1.90% of the stock is owned by institutional investors.

Prudential Public Stock Performance

Shares of Prudential Public stock opened at $29.34 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Prudential Public has a twelve month low of $24.61 and a twelve month high of $34.03. The company’s fifty day moving average is $28.02 and its 200 day moving average is $29.75.

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.