Legacy Wealth Asset Management LLC trimmed its holdings in shares of Prudential plc (NYSE:PUK – Free Report) by 15.5% in the fourth quarter, HoldingsChannel reports. The firm owned 21,901 shares of the financial services provider’s stock after selling 4,008 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Prudential were worth $349,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 699 shares in the last quarter. GAMMA Investing LLC grew its stake in Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,127 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Prudential by 51.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 2,394 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Prudential by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 2,507 shares during the period. Finally, Blue Trust Inc. grew its stake in Prudential by 260.7% in the 3rd quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 7,036 shares during the period. 1.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PUK has been the subject of several recent analyst reports. StockNews.com cut shares of Prudential from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays raised shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.
Prudential Price Performance
Shares of NYSE PUK opened at $15.83 on Friday. Prudential plc has a 52-week low of $14.39 and a 52-week high of $22.07. The firm has a fifty day moving average of $15.98 and a 200-day moving average of $16.95.
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.
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