Prudential Public (NYSE:PUK) Shares Gap Down – Here’s What Happened

Prudential Public Limited Company (NYSE:PUK) gapped down before the market opened on Thursday . The stock had previously closed at $28.56, but opened at $26.53. Prudential Public shares last traded at $26.7420, with a volume of 582,284 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PUK shares. Jefferies Financial Group cut Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a report on Wednesday, April 8th. Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Prudential Public Trading Down 7.5%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s 50-day moving average price is $30.16 and its 200-day moving average price is $30.38.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The firm had revenue of $7.59 billion for the quarter. Research analysts predict that Prudential Public Limited Company will post 2.16 EPS for the current year.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th were issued a dividend of $0.3778 per share. This represents a yield of 272.0%. The ex-dividend date of this dividend was Friday, March 27th.

Hedge Funds Weigh In On Prudential Public

Institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its position in shares of Prudential Public by 79.2% in the 4th quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider’s stock valued at $151,442,000 after purchasing an additional 2,150,074 shares during the period. Bank of America Corp DE grew its position in shares of Prudential Public by 5.6% in the 1st quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after purchasing an additional 238,189 shares during the period. Dimensional Fund Advisors LP boosted its position in Prudential Public by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock worth $80,201,000 after acquiring an additional 240,416 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Prudential Public by 13.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock worth $68,157,000 after acquiring an additional 292,677 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in Prudential Public by 41.6% during the 3rd quarter. Optiver Holding B.V. now owns 1,245,566 shares of the financial services provider’s stock worth $34,863,000 after acquiring an additional 365,883 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.