Prudential (NYSE:PUK) Downgraded to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Prudential (NYSE:PUK) from a buy rating to a hold rating in a research note published on Monday morning, MarketBeat reports.

A number of other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Prudential from a sell rating to a hold rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Prudential from a neutral rating to an outperform rating in a report on Wednesday, June 26th.

Prudential Stock Down 1.6 %

Prudential stock traded down $0.26 during trading on Monday, reaching $16.08. The stock had a trading volume of 1,419,406 shares, compared to its average volume of 835,237. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. Prudential has a 52-week low of $16.00 and a 52-week high of $26.94. The business has a 50 day moving average price of $18.47 and a 200 day moving average price of $19.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PUK. Glassman Wealth Services lifted its position in Prudential by 135.7% during the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 681 shares during the period. Principal Securities Inc. acquired a new stake in shares of Prudential during the fourth quarter worth $28,000. Russell Investments Group Ltd. increased its stake in Prudential by 369.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,078 shares during the period. National Bank of Canada FI increased its stake in Prudential by 198.0% in the 4th quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,396 shares during the period. Finally, Bruce G. Allen Investments LLC purchased a new position in Prudential during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential 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.