Prudential Public Limited Company (NYSE:PUK) Stock Has Consensus Target Price of $39.30

Prudential Public Limited Company (NYSE:PUK) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.30.

A number of brokerages have weighed in on PUK. Zacks Research raised Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a report on Friday, October 2nd. Wall Street Zen raised Prudential Public from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Berenberg Bank began coverage on Prudential Public in a research report on Thursday, September 3rd. They set a “buy” rating and a $39.30 price target on the stock.

Prudential Public Stock Performance

NYSE PUK opened at $25.27 on Wednesday. Prudential Public has a 1-year low of $23.31 and a 1-year high of $34.03. The business has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $28.50.

Prudential Public (NYSE:PUK) last announced its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The business had revenue of $3.90 billion during the quarter. As a group, equities analysts anticipate that Prudential Public will post 2.31 EPS for the current year.

Prudential Public Dividend Announcement

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

Institutional Investors Weigh In On Prudential Public

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Prudential Public by 5.6% during the first quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after purchasing an additional 238,189 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Prudential Public by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock valued at $80,201,000 after purchasing an additional 240,416 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Prudential Public by 13.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock worth $68,157,000 after purchasing an additional 292,677 shares during the period. Quantinno Capital Management LP grew its position in Prudential Public by 45.5% during the 1st quarter. Quantinno Capital Management LP now owns 638,516 shares of the financial services provider’s stock worth $18,153,000 after purchasing an additional 199,548 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Prudential Public by 14,270.3% during the 1st quarter. Assetmark Inc. now owns 251,049 shares of the financial services provider’s stock valued at $7,137,000 after buying an additional 249,302 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

About Prudential Public

Prudential plc is a financial services group that provides life and health insurance, retirement solutions and related financial products. The company serves individual and institutional customers through offerings that can include protection, savings, investment-linked insurance and wellness services.

Prudential focuses primarily on markets in Asia and Africa, with operations and partnerships serving customers across a range of emerging and developed economies. Its asset-management business, Eastspring Investments, provides investment products and services to institutional and retail clients in selected markets.

Founded in London in 1848, Prudential has undergone significant strategic changes in recent years.