Prudential Public (NYSE:PUK) Raised to Hold at Wall Street Zen

Prudential Public (NYSE:PUK) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on PUK. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, October 2nd. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Finally, Berenberg Bank set a $39.30 price target on Prudential Public and gave the stock a “buy” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.30.

Prudential Public Stock Performance

Shares of PUK opened at $24.14 on Friday. Prudential Public has a fifty-two week low of $23.31 and a fifty-two week high of $34.03. The firm’s 50-day simple moving average is $26.34 and its two-hundred day simple moving average is $28.07.

Prudential Public (NYSE:PUK) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The company had revenue of $3.90 billion during the quarter. As a group, equities analysts expect that Prudential Public will post 2.34 earnings per share for the current fiscal year.

Institutional Trading of Prudential Public

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of Prudential Public during the second quarter valued at $26,000. Mather Group LLC. boosted its position in shares of Prudential Public by 746.3% during the third quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,560 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Prudential Public by 3,698.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,609 shares of the financial services provider’s stock worth $112,000 after buying an additional 3,514 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in Prudential Public in the 1st quarter worth about $166,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Prudential Public by 179.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,604 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

About Prudential Public

Prudential plc is a financial services group that provides life and health insurance, retirement solutions and related financial products. The company serves individual and institutional customers through offerings that can include protection, savings, investment-linked insurance and wellness services.

Prudential focuses primarily on markets in Asia and Africa, with operations and partnerships serving customers across a range of emerging and developed economies. Its asset-management business, Eastspring Investments, provides investment products and services to institutional and retail clients in selected markets.

Founded in London in 1848, Prudential has undergone significant strategic changes in recent years.