Eagle Asset Management Inc. Invests $220,000 in Prudential Public Limited Company (PUK) Stock

Eagle Asset Management Inc. bought a new position in shares of Prudential Public Limited Company (NYSE:PUK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,797 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Prudential Public Limited by 5.8% during the 1st quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock worth $148,274,000 after acquiring an additional 190,380 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Prudential Public Limited by 0.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,056,582 shares of the financial services provider’s stock worth $44,756,000 after acquiring an additional 9,801 shares in the last quarter. Scout Investments Inc. lifted its stake in Prudential Public Limited by 51.6% during the 2nd quarter. Scout Investments Inc. now owns 627,523 shares of the financial services provider’s stock worth $28,872,000 after acquiring an additional 213,627 shares in the last quarter. Causeway Capital Management LLC lifted its stake in Prudential Public Limited by 5.1% during the 1st quarter. Causeway Capital Management LLC now owns 570,475 shares of the financial services provider’s stock worth $24,165,000 after acquiring an additional 27,581 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Prudential Public Limited by 4.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 382,323 shares of the financial services provider’s stock worth $16,196,000 after acquiring an additional 14,744 shares in the last quarter. 1.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Prudential Public Limited Company (NYSE:PUK) opened at 47.87 on Wednesday. The stock has a market cap of $61.62 billion, a P/E ratio of 17.42 and a beta of 1.59. Prudential Public Limited Company has a one year low of $32.52 and a one year high of $49.67. The firm’s 50-day moving average price is $47.24 and its 200 day moving average price is $44.88.

The company also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, August 25th will be issued a $0.3765 dividend. This represents a yield of 1.62%. The ex-dividend date is Wednesday, August 23rd.

ILLEGAL ACTIVITY WARNING: This news story was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/13/eagle-asset-management-inc-invests-220000-in-prudential-public-limited-company-puk-stock.html.

Several equities analysts recently issued reports on the company. BidaskClub raised Prudential Public Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Prudential Public Limited from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.00.

Prudential Public Limited Profile

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.

Want to see what other hedge funds are holding PUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Public Limited Company (NYSE:PUK).

Institutional Ownership by Quarter for Prudential Public Limited (NYSE:PUK)

Receive News & Ratings for Prudential Public Limited Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public Limited Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply