Prudential Public (NYSE:PUK) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Prudential Public (NYSE:PUK) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks reports.

Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded Prudential Public from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Finally, Berenberg Bank set a $39.30 price target on Prudential Public and gave the stock a “buy” rating in a research note on Thursday, September 3rd. 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 stock. Based on data from MarketBeat, Prudential Public has an average rating of “Moderate Buy” and an average target price of $39.30.

Prudential Public Stock Down 1.6%

Shares of NYSE PUK opened at $25.83 on Monday. Prudential Public has a one year low of $24.61 and a one year high of $34.03. The firm’s 50 day simple moving average is $28.01 and its two-hundred day simple moving average is $28.64. The company has a current ratio of 0.03, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $3.90 billion during the quarter. As a group, sell-side analysts anticipate that Prudential Public will post 2.34 EPS for the current year.

Prudential Public Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.1776 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 133.0%.

Institutional Investors Weigh In On Prudential Public

A number of large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Prudential Public by 13.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock valued at $68,157,000 after purchasing an additional 292,677 shares in the last quarter. Assetmark Inc. raised its position in Prudential Public by 14,270.3% in the 1st quarter. Assetmark Inc. now owns 251,049 shares of the financial services provider’s stock worth $7,137,000 after buying an additional 249,302 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Prudential Public by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock valued at $80,201,000 after acquiring an additional 240,416 shares during the period. Bank of America Corp DE boosted its holdings in shares of Prudential Public by 5.6% during the 1st quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after acquiring an additional 238,189 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Prudential Public by 45.5% in the first quarter. Quantinno Capital Management LP now owns 638,516 shares of the financial services provider’s stock worth $18,153,000 after acquiring an additional 199,548 shares during the period. 1.90% of the stock is currently owned by institutional investors.

About Prudential Public

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.