Zacks Investment Research cut shares of Prudential Public (NYSE:PUK) from a buy rating to a hold rating in a report issued on Friday morning.
According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “
Separately, ValuEngine cut Prudential Public from a strong-buy rating to a buy rating in a report on Saturday, December 9th.
The business also recently announced a semiannual dividend, which will be paid on Friday, May 25th. Investors of record on Tuesday, April 3rd will be issued a $0.9068 dividend. The ex-dividend date is Monday, April 2nd. This is a boost from Prudential Public’s previous semiannual dividend of $0.38. This represents a yield of 3.4%.
Hedge funds have recently made changes to their positions in the stock. Boston Private Wealth LLC bought a new stake in Prudential Public in the third quarter valued at approximately $201,000. Rathbone Brothers plc bought a new stake in Prudential Public in the fourth quarter valued at approximately $207,000. Lake Street Advisors Group LLC bought a new stake in Prudential Public in the fourth quarter valued at approximately $243,000. River Road Asset Management LLC bought a new stake in Prudential Public in the fourth quarter valued at approximately $299,000. Finally, Capital Fund Management S.A. bought a new stake in Prudential Public in the fourth quarter valued at approximately $330,000. Institutional investors and hedge funds own 1.57% of the company’s stock.
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About Prudential Public
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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