Prudential Public (NYSE:PUK) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the stock. Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Berenberg Bank initiated coverage on shares of Prudential Public in a research report on Thursday, September 3rd. They issued a “buy” rating and a $39.30 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Prudential Public presently has an average rating of “Moderate Buy” and an average price target of $39.30.

Prudential Public Price Performance

Prudential Public stock opened at $24.77 on Friday. Prudential Public has a one year low of $23.31 and a one year high of $34.03. The stock’s 50 day moving average price is $25.31 and its 200 day moving average price is $28.40.

Prudential Public (NYSE:PUK) last issued its quarterly earnings data 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 during the quarter. As a group, research analysts predict that Prudential Public will post 2.30 earnings per share for the current year.

Prudential Public Announces Dividend

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

Hedge Funds Weigh In On Prudential Public

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Prudential Public in the second quarter worth $26,000. First Command Advisory Services Inc. boosted its stake in Prudential Public by 834.4% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,523 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,360 shares during the last quarter. Mather Group LLC. boosted its stake in Prudential Public by 746.3% during the 3rd quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 3,560 shares during the last quarter. Strategic Investment Advisors MI acquired a new position in Prudential Public during the 1st quarter worth $166,000. Finally, Valeo Financial Advisors LLC acquired a new position in Prudential Public during the 3rd quarter worth $219,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Company Profile