Prudential Public Limited Company (NYSE:PUK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Prudential Public Limited Company (NYSE:PUK) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of analysts have weighed in on PUK shares. Jefferies Financial Group downgraded shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Public in a research report on Wednesday, April 8th. Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th.

Prudential Public Price Performance

NYSE PUK opened at $28.81 on Friday. Prudential Public has a twelve month low of $22.60 and a twelve month high of $34.03. The stock has a fifty day simple moving average of $30.16 and a 200 day simple moving average of $30.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04.

Prudential Public (NYSE:PUK) last posted its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The company had revenue of $7.59 billion during the quarter. As a group, analysts predict that Prudential Public will post 2.16 earnings per share for the current fiscal year.

Prudential Public Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th were issued a dividend of $0.3778 per share. This represents a yield of 272.0%. The ex-dividend date was Friday, March 27th.

Institutional Trading of Prudential Public

A number of large investors have recently bought and sold shares of PUK. Geneos Wealth Management Inc. grew its holdings in Prudential Public by 86.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,709 shares during the period. Rhumbline Advisers grew its position in shares of Prudential Public by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 12,367 shares of the financial services provider’s stock worth $309,000 after buying an additional 694 shares during the period. Russell Investments Group Ltd. grew its position in shares of Prudential Public by 44.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 31,077 shares of the financial services provider’s stock worth $778,000 after buying an additional 9,630 shares during the period. M&T Bank Corp acquired a new stake in shares of Prudential Public during the 2nd quarter worth approximately $231,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Prudential Public by 197.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,132 shares of the financial services provider’s stock worth $128,000 after buying an additional 3,404 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.