Prudential Public Limited Company (NYSE:PUK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Prudential Public Limited Company (NYSE:PUK) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

PUK has been the subject of several research reports. Barclays restated an “overweight” rating on shares of Prudential Public in a research report on Monday, September 8th. Wall Street Zen cut Prudential Public from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Wednesday, October 29th. UBS Group reiterated a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th.

Hedge Funds Weigh In On Prudential Public

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers purchased a new stake in Prudential Public in the 1st quarter worth approximately $274,000. LPL Financial LLC boosted its holdings in shares of Prudential Public by 144.6% during the first quarter. LPL Financial LLC now owns 76,542 shares of the financial services provider’s stock worth $1,646,000 after purchasing an additional 45,248 shares during the last quarter. US Bancorp DE grew its position in shares of Prudential Public by 66.6% in the first quarter. US Bancorp DE now owns 25,968 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 10,380 shares during the period. PNC Financial Services Group Inc. increased its stake in Prudential Public by 20.3% in the first quarter. PNC Financial Services Group Inc. now owns 17,466 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 2,945 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Prudential Public by 10.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 102,397 shares of the financial services provider’s stock worth $2,202,000 after buying an additional 9,479 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Stock Performance

Shares of PUK opened at $29.14 on Friday. Prudential Public has a 12-month low of $14.39 and a 12-month high of $29.82. The company has a 50-day moving average of $28.08 and a two-hundred day moving average of $26.42.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.