Cetera Trust Company N.A Purchases 2,125 Shares of Prudential plc (NYSE:PUK)

Cetera Trust Company N.A raised its holdings in shares of Prudential plc (NYSE:PUK) by 60.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,620 shares of the financial services provider’s stock after purchasing an additional 2,125 shares during the period. Cetera Trust Company N.A’s holdings in Prudential were worth $121,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in Prudential by 2.0% in the fourth quarter. Northern Trust Corp now owns 1,733,772 shares of the financial services provider’s stock worth $27,636,000 after acquiring an additional 34,344 shares in the last quarter. Bank of Montreal Can increased its holdings in Prudential by 165.3% in the fourth quarter. Bank of Montreal Can now owns 1,554,255 shares of the financial services provider’s stock valued at $24,775,000 after buying an additional 968,317 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Prudential by 321.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider’s stock valued at $19,713,000 after acquiring an additional 943,487 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Prudential by 1,133.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider’s stock valued at $16,757,000 after purchasing an additional 965,985 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in Prudential in the 4th quarter worth about $16,207,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Trading Up 1.2%

NYSE PUK opened at $23.74 on Monday. The stock has a fifty day simple moving average of $21.58 and a 200-day simple moving average of $18.85. The stock has a market cap of $30.91 billion, a PE ratio of 10.23, a P/E/G ratio of 0.41 and a beta of 1.02. Prudential plc has a twelve month low of $14.39 and a twelve month high of $24.01.

Prudential Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th were issued a $0.3258 dividend. This is a positive change from Prudential’s previous dividend of $0.24. The ex-dividend date of this dividend was Friday, March 28th. Prudential’s dividend payout ratio is currently 28.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of Prudential in a research report on Thursday, May 22nd. Wall Street Zen raised Prudential from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup reiterated a “buy” rating on shares of Prudential in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised shares of Prudential from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prudential in a research note on Tuesday, May 13th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.