Prudential Public Limited (PUK) Given Average Recommendation of “Hold” by Brokerages

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Prudential Public Limited (NYSE:PUK) has received an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Prudential Public from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Royal Bank of Canada reiterated a “neutral” rating on shares of Prudential Public in a research note on Wednesday, March 13th. Evercore ISI upgraded shares of Prudential Public from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 9th. Societe Generale lowered shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Finally, ValuEngine lowered shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Monday, January 7th.

NYSE:PUK opened at $40.90 on Tuesday. The firm has a market capitalization of $53.31 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. Prudential Public has a 1-year low of $33.31 and a 1-year high of $52.93.

The company also recently declared a semiannual dividend, which will be paid on Friday, May 24th. Investors of record on Friday, March 29th will be given a dividend of $0.8937 per share. This represents a yield of 4.22%. The ex-dividend date is Thursday, March 28th. This is a positive change from Prudential Public’s previous semiannual dividend of $0.16. Prudential Public’s dividend payout ratio (DPR) is currently 16.60%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Prudential Public by 21.6% during the fourth quarter. Geode Capital Management LLC now owns 39,333 shares of the financial services provider’s stock valued at $1,391,000 after buying an additional 6,991 shares during the period. Dimensional Fund Advisors LP grew its position in Prudential Public by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 909,793 shares of the financial services provider’s stock valued at $32,179,000 after buying an additional 12,892 shares during the period. FMR LLC grew its position in Prudential Public by 752.6% during the fourth quarter. FMR LLC now owns 36,994 shares of the financial services provider’s stock valued at $1,308,000 after buying an additional 32,655 shares during the period. Executive Wealth Management LLC acquired a new stake in Prudential Public during the fourth quarter valued at $71,000. Finally, Jane Street Group LLC grew its position in Prudential Public by 24.8% during the fourth quarter. Jane Street Group LLC now owns 698,486 shares of the financial services provider’s stock valued at $24,705,000 after buying an additional 138,958 shares during the period. Institutional investors own 1.65% of the company’s stock.

About Prudential Public

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

See Also: Balanced Fund

Analyst Recommendations for Prudential Public (NYSE:PUK)

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