Quadrant Capital Group LLC Increases Stock Holdings in Prudential plc (NYSE:PUK)

Quadrant Capital Group LLC grew its holdings in shares of Prudential plc (NYSE:PUK) by 47.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,595 shares of the financial services provider’s stock after purchasing an additional 4,076 shares during the period. Quadrant Capital Group LLC’s holdings in Prudential were worth $201,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PUK. JPMorgan Chase & Co. increased its stake in Prudential by 353.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock worth $5,436,000 after buying an additional 228,499 shares during the period. GAMMA Investing LLC increased its position in shares of Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,127 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Prudential by 62.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider’s stock valued at $1,481,000 after acquiring an additional 35,811 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Prudential in the fourth quarter valued at $16,207,000. Finally, Point72 Asset Management L.P. purchased a new position in Prudential in the third quarter valued at $1,281,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Price Performance

Prudential stock opened at $18.02 on Wednesday. The stock has a market cap of $23.70 billion, a PE ratio of 7.77, a P/E/G ratio of 0.41 and a beta of 1.00. The stock’s fifty day moving average is $18.97 and its two-hundred day moving average is $17.41. Prudential plc has a 1-year low of $14.39 and a 1-year high of $22.01.

Prudential Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be given a dividend of $0.3258 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Prudential’s previous dividend of $0.24. Prudential’s dividend payout ratio (DPR) is 28.02%.

Analyst Ratings Changes

A number of research firms have issued reports on PUK. Citigroup reaffirmed a “buy” rating on shares of Prudential in a research report on Tuesday, April 1st. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Prudential Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.