Prudential (NYSE:PUK) Stock Rating Lowered by StockNews.com

Prudential (NYSE:PUK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other brokerages also recently issued reports on PUK. Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

Prudential Trading Up 2.8 %

PUK stock traded up $0.44 during trading on Monday, reaching $16.37. The stock had a trading volume of 1,171,424 shares, compared to its average volume of 993,943. Prudential has a one year low of $15.10 and a one year high of $23.13. The company’s 50 day moving average is $17.12 and its two-hundred day moving average is $17.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,342 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Prudential during the 1st quarter valued at approximately $492,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Prudential during the 2nd quarter valued at approximately $44,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Prudential by 16.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 59,749 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 8,307 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Prudential by 202.2% during the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,806 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

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.