Prudential Public Limited Company (NYSE:PUK) Stock Rated “Moderate Buy” by Wall Street Analysts

Prudential Public Limited Company (NYSE:PUK) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.30.

A number of analysts have issued reports on PUK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, October 2nd. Wall Street Zen downgraded Prudential Public from a “hold” rating to a “sell” rating in a research report on Sunday, October 4th. Zacks Research raised shares of 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 shares of Prudential Public and gave the stock a “buy” rating in a research report on Thursday, September 3rd.

Prudential Public Stock Performance

Shares of Prudential Public stock opened at $23.93 on Friday. Prudential Public has a twelve month low of $23.31 and a twelve month high of $34.03. The business has a 50-day moving average price of $26.82 and a 200-day moving average price of $28.24.

Prudential Public (NYSE:PUK) last posted its earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The firm had revenue of $3.90 billion during the quarter. Sell-side analysts expect that Prudential Public will post 2.34 EPS for the current year.

Prudential Public Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th will be paid a $0.1776 dividend. This represents a dividend yield of 133.0%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Trading of Prudential Public

Hedge funds have recently made changes to their positions in the business. Gradient Investments LLC increased its stake in Prudential Public by 9.4% during the third quarter. Gradient Investments LLC now owns 202,290 shares of the financial services provider’s stock worth $5,005,000 after acquiring an additional 17,329 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Prudential Public in the 3rd quarter valued at approximately $219,000. Versant Capital Management Inc boosted its holdings in shares of Prudential Public by 19.1% in the 3rd quarter. Versant Capital Management Inc now owns 18,956 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 3,044 shares during the period. WINTON GROUP Ltd increased its position in shares of Prudential Public by 373.2% during the 2nd quarter. WINTON GROUP Ltd now owns 70,500 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 55,600 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Prudential Public during the 2nd quarter valued at $26,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

About Prudential Public

Prudential plc (NYSE: PUK) is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.