Whipplewood Advisors LLC Makes New Investment in Prudential plc (NYSE:PUK)

Whipplewood Advisors LLC acquired a new position in Prudential plc (NYSE:PUK) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,896 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds have also recently made changes to their positions in the business. ABC Arbitrage SA bought a new stake in Prudential in the fourth quarter valued at $16,207,000. Natixis Advisors LLC lifted its position in shares of Prudential by 5.0% in the 3rd quarter. Natixis Advisors LLC now owns 623,461 shares of the financial services provider’s stock worth $11,559,000 after purchasing an additional 29,672 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Prudential by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider’s stock valued at $7,895,000 after purchasing an additional 1,995 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Prudential by 353.1% during the third quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock valued at $5,436,000 after buying an additional 228,499 shares during the period. Finally, StoneX Group Inc. bought a new position in Prudential in the third quarter worth about $5,090,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Trading Up 0.4 %

PUK opened at $18.39 on Friday. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.20. The stock has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $16.80. Prudential plc has a 12-month low of $14.39 and a 12-month high of $21.27.

Analyst Ratings Changes

Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd.

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.