Zacks Investment Research Downgrades Prudential Public (PUK) to Hold

Zacks Investment Research cut shares of Prudential Public (NYSE:PUK) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Separately, ValuEngine lowered shares of Prudential Public from a strong-buy rating to a buy rating in a research note on Saturday, December 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Prudential Public has a consensus rating of Buy and an average target price of $60.00.

Prudential Public (PUK) traded up $0.76 during trading on Friday, hitting $54.28. 310,500 shares of the company’s stock were exchanged, compared to its average volume of 248,100. Prudential Public has a 12-month low of $38.17 and a 12-month high of $54.31.

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its stake in shares of Prudential Public by 11.8% in the second quarter. Quadrant Capital Group LLC now owns 3,282 shares of the financial services provider’s stock valued at $137,000 after buying an additional 347 shares in the last quarter. Boston Private Wealth LLC bought a new position in shares of Prudential Public in the third quarter valued at $201,000. Stevens Capital Management LP bought a new position in shares of Prudential Public in the third quarter valued at $204,000. Advisor Group Inc. lifted its stake in shares of Prudential Public by 0.7% in the second quarter. Advisor Group Inc. now owns 4,481 shares of the financial services provider’s stock valued at $206,000 after buying an additional 30 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Prudential Public by 57.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,641 shares in the last quarter. 1.63% of the stock is currently owned by hedge funds and other institutional investors.

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Prudential Public Company Profile

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

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