Royal Bank of Canada Trims Stake in Prudential Public Limited Company $PUK

Royal Bank of Canada lowered its position in Prudential Public Limited Company (NYSE:PUK) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,193 shares of the financial services provider’s stock after selling 29,540 shares during the period. Royal Bank of Canada’s holdings in Prudential Public were worth $6,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of PUK. Quantinno Capital Management LP raised its holdings in shares of Prudential Public by 45.5% in the first quarter. Quantinno Capital Management LP now owns 638,516 shares of the financial services provider’s stock worth $18,153,000 after buying an additional 199,548 shares during the period. Entropy Technologies LP purchased a new position in Prudential Public during the 1st quarter valued at $275,000. GC Wealth Management RIA LLC grew its position in Prudential Public by 15.9% in the 1st quarter. GC Wealth Management RIA LLC now owns 32,789 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 4,489 shares during the last quarter. Compound Planning Inc. grew its position in Prudential Public by 3.8% in the 1st quarter. Compound Planning Inc. now owns 24,661 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 913 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Prudential Public by 13.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock valued at $68,157,000 after acquiring an additional 292,677 shares during the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PUK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Zacks Research cut shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. Finally, Jefferies Financial Group lowered shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Prudential Public Stock Down 2.8%

Shares of PUK stock opened at $27.44 on Wednesday. Prudential Public Limited Company has a twelve month low of $24.61 and a twelve month high of $34.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $29.51.

Prudential Public 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.