Gradient Investments LLC Has $2.30 Million Holdings in Prudential Public Limited Company $PUK

Gradient Investments LLC raised its holdings in Prudential Public Limited Company (NYSE:PUK) by 37.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,914 shares of the financial services provider’s stock after purchasing an additional 20,278 shares during the quarter. Gradient Investments LLC’s holdings in Prudential Public were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of Prudential Public during the 3rd quarter worth approximately $929,000. Optiver Holding B.V. lifted its holdings 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 valued at $34,863,000 after purchasing an additional 365,883 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in Prudential Public by 172.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 52,855 shares of the financial services provider’s stock valued at $1,322,000 after purchasing an additional 33,432 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Prudential Public by 30.7% during the second quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider’s stock worth $20,589,000 after purchasing an additional 193,454 shares during the period. Finally, American Century Companies Inc. boosted its position in Prudential Public by 9.6% during the second quarter. American Century Companies Inc. now owns 269,821 shares of the financial services provider’s stock worth $6,751,000 after purchasing an additional 23,567 shares during the period. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Public Price Performance

NYSE:PUK opened at $29.03 on Tuesday. The stock has a 50 day simple moving average of $30.94 and a 200 day simple moving average of $29.52. Prudential Public Limited Company has a 1-year low of $17.78 and a 1-year high of $34.03.

Prudential Public Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th will be given a dividend of $0.3778 per share. The ex-dividend date is Friday, March 27th. This represents a yield of 262.0%.

Analysts Set New Price Targets

PUK has been the topic of several research reports. Zacks Research downgraded shares of Prudential Public from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Prudential Public 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.