Prudential Public Limited Company (NYSE:PUK) Stock Has Average Target Price of $39.30 According to Analysts

Shares of Prudential Public Limited Company (NYSE:PUK) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.30.

Several research firms recently issued reports on PUK. Berenberg Bank set a $39.30 price target on shares of Prudential Public and gave the stock a “buy” rating in a report on Thursday, September 3rd. Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research report on Friday, October 2nd. Finally, Wall Street Zen downgraded Prudential Public from a “hold” rating to a “sell” rating in a research note on Sunday.

Prudential Public Trading Down 4.4%

Shares of NYSE:PUK opened at $23.52 on Friday. The firm has a fifty day moving average price of $27.09 and a 200 day moving average price of $28.30. Prudential Public has a 1-year low of $23.31 and a 1-year high of $34.03.

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

Prudential Public Announces Dividend

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

Institutional Investors Weigh In On Prudential Public

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Prudential Public by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock worth $80,201,000 after purchasing an additional 240,416 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Prudential Public by 13.9% during the 1st 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 last quarter. Quantinno Capital Management LP raised its position in shares of Prudential Public by 45.5% during the 1st quarter. Quantinno Capital Management LP now owns 638,516 shares of the financial services provider’s stock worth $18,153,000 after purchasing an additional 199,548 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Prudential Public by 14,270.3% in the 1st quarter. Assetmark Inc. now owns 251,049 shares of the financial services provider’s stock valued at $7,137,000 after buying an additional 249,302 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Company Profile

Prudential plc (NYSE: PUK) is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.