Prudential Public Limited Company (NYSE:PUK) Short Interest Down 35.7% in April

Prudential Public Limited Company (NYSE:PUK) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,191,064 shares, a decrease of 35.7% from the March 31st total of 1,853,621 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 854,851 shares, the short-interest ratio is currently 1.4 days.

Prudential Public Trading Up 1.3%

Shares of NYSE PUK traded up $0.39 during mid-day trading on Thursday, reaching $30.28. The company’s stock had a trading volume of 776,251 shares, compared to its average volume of 708,978. The stock has a 50-day moving average of $29.79 and a two-hundred day moving average of $29.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Prudential Public has a 1-year low of $21.20 and a 1-year high of $34.03.

Prudential Public (NYSE:PUK) last issued its earnings results on Saturday, February 14th. The financial services provider reported $25.85 EPS for the quarter. The business had revenue of $7.59 billion during the quarter. On average, research analysts forecast that Prudential Public will post 2.16 EPS for the current fiscal year.

Prudential Public Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, March 27th will be given a $0.3778 dividend. This represents a dividend yield of 272.0%. The ex-dividend date is Friday, March 27th.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PUK shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Prudential Public in a research report on Wednesday, January 7th. They set a “buy” rating for the company. Jefferies Financial Group cut shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Thursday, April 23rd. Zacks Research upgraded shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Prudential Public

Hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC raised its position in shares of Prudential Public by 1,103.0% in the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after buying an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Prudential Public in the fourth quarter valued at about $29,000. Bessemer Group Inc. grew its holdings in shares of Prudential Public by 59.9% in the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares during the period. Westside Investment Management Inc. grew its holdings in shares of Prudential Public by 70.7% in the third quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 443 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Prudential Public by 47.0% in the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 480 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Company 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.