58,989 Prudential Public Limited Company $PUK Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD decreased its holdings in Prudential Public Limited Company (NYSE:PUK) by 57.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,732 shares of the financial services provider’s stock after selling 58,989 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Prudential Public were worth $1,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in Prudential Public during the second quarter valued at approximately $26,000. Mather Group LLC. grew its stake in Prudential Public by 746.3% during the third quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider’s stock worth $100,000 after buying an additional 3,560 shares during the period. Rockefeller Capital Management L.P. grew its stake in Prudential Public by 179.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,604 shares during the period. Strategic Investment Advisors MI acquired a new stake in shares of Prudential Public in the first quarter worth $166,000. Finally, PAX Financial Group LLC acquired a new stake in shares of Prudential Public in the first quarter worth $219,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Stock Down 1.3%

Shares of NYSE PUK opened at $23.69 on Friday. Prudential Public Limited Company has a 1-year low of $23.31 and a 1-year high of $34.03. The business has a 50-day moving average of $25.96 and a 200-day moving average of $27.90.

Prudential Public (NYSE:PUK) last posted its earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $3.90 billion during the quarter. Analysts anticipate that Prudential Public Limited Company will post 2.31 EPS for the current fiscal year.

Prudential Public Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th were issued a $0.1776 dividend. This represents a yield of 133.0%. The ex-dividend date was Friday, September 11th.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, October 2nd. Berenberg Bank set a $39.30 target price on shares of Prudential Public and gave the company a “buy” rating in a report on Thursday, September 3rd. Wall Street Zen raised shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Prudential Public has a consensus rating of “Moderate Buy” and a consensus price target of $39.30.

Prudential Public Profile

Prudential plc is a financial services group that provides life and health insurance, retirement solutions and related financial products. The company serves individual and institutional customers through offerings that can include protection, savings, investment-linked insurance and wellness services.

Prudential focuses primarily on markets in Asia and Africa, with operations and partnerships serving customers across a range of emerging and developed economies. Its asset-management business, Eastspring Investments, provides investment products and services to institutional and retail clients in selected markets.

Founded in London in 1848, Prudential has undergone significant strategic changes in recent years.