Prudential Public (NYSE:PUK) Upgraded by Berenberg Bank to Strong-Buy Rating

Berenberg Bank upgraded shares of Prudential Public (NYSE:PUK) to a strong-buy rating in a research report released on Wednesday,Zacks reports.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of Prudential Public from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.30.

Prudential Public Stock Down 2.1%

Shares of NYSE PUK opened at $27.76 on Wednesday. Prudential Public has a twelve month low of $24.61 and a twelve month high of $34.03. The business has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $28.97. The company has a quick ratio of 0.04, a current ratio of 0.03 and a debt-to-equity ratio of 0.22.

Prudential Public (NYSE:PUK) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $3.90 billion for the quarter. Equities research analysts predict that Prudential Public will post 1.98 earnings per share for the current fiscal year.

Prudential Public Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th will be given a $0.1776 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a dividend yield of 128.0%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Corient Private Wealth LP lifted its position in Prudential Public by 8.7% during the second quarter. Corient Private Wealth LP now owns 15,939 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 1,276 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Prudential Public by 8.8% in the second quarter. Concurrent Investment Advisors LLC now owns 14,354 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 1,156 shares during the last quarter. Rehmann Capital Advisory Group purchased a new position in Prudential Public in the second quarter worth $249,000. Madison Asset Management LLC acquired a new position in shares of Prudential Public during the second quarter worth $2,366,000. Finally, Gradient Investments LLC increased its position in shares of Prudential Public by 7.2% during the second quarter. Gradient Investments LLC now owns 184,961 shares of the financial services provider’s stock worth $4,959,000 after purchasing an additional 12,388 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

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.