Prudential Public Limited Company (NYSE:PUK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Prudential Public Limited Company (NYSE:PUK) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

PUK has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Zacks Research raised Prudential Public from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. Finally, Jefferies Financial Group downgraded Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd.

Institutional Investors Weigh In On Prudential Public

A number of large investors have recently made changes to their positions in PUK. Morgan Stanley boosted its stake in shares of Prudential Public by 79.2% in the fourth quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider’s stock worth $151,442,000 after acquiring an additional 2,150,074 shares during the period. Bank of America Corp DE grew its position in shares of Prudential Public by 241.5% during the third quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock worth $83,936,000 after purchasing an additional 2,120,580 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Prudential Public by 63.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,585,685 shares of the financial services provider’s stock valued at $80,499,000 after purchasing an additional 1,007,961 shares during the period. BNP Paribas Financial Markets raised its stake in Prudential Public by 99.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider’s stock valued at $20,504,000 after purchasing an additional 409,517 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Prudential Public by 725.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 385,917 shares of the financial services provider’s stock worth $9,656,000 after purchasing an additional 339,188 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Prudential Public Stock Performance

Shares of NYSE PUK opened at $28.30 on Monday. The firm’s 50-day moving average price is $28.24 and its 200-day moving average price is $29.84. Prudential Public has a 52-week low of $24.56 and a 52-week high of $34.03. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

About Prudential Public

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.