Prudential Public Limited Company (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Separately, BidaskClub raised shares of Prudential Public Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Prudential Public Limited currently has a consensus rating of “Buy” and a consensus target price of $54.00.

Shares of Prudential Public Limited (NYSE PUK) opened at 48.11 on Friday. The stock’s 50 day moving average is $47.18 and its 200-day moving average is $45.18. The stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 17.07 and a beta of 1.59. Prudential Public Limited has a 12-month low of $32.52 and a 12-month high of $49.67.

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A number of institutional investors have recently added to or reduced their stakes in PUK. Scout Investments Inc. boosted its position in Prudential Public Limited by 51.6% in the 2nd quarter. Scout Investments Inc. now owns 627,523 shares of the financial services provider’s stock valued at $28,872,000 after buying an additional 213,627 shares during the period. Bank of America Corp DE raised its holdings in shares of Prudential Public Limited by 5.8% in the 1st quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock valued at $148,274,000 after purchasing an additional 190,380 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Prudential Public Limited by 55.1% in the 2nd quarter. Citigroup Inc. now owns 175,061 shares of the financial services provider’s stock valued at $8,054,000 after purchasing an additional 62,167 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Prudential Public Limited by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 587,518 shares of the financial services provider’s stock valued at $27,031,000 after purchasing an additional 60,385 shares in the last quarter. Finally, Sensato Investors LLC raised its holdings in shares of Prudential Public Limited by 27.9% in the 1st quarter. Sensato Investors LLC now owns 265,675 shares of the financial services provider’s stock valued at $11,254,000 after purchasing an additional 57,904 shares in the last quarter. 1.60% of the stock is owned by institutional investors.

Prudential Public Limited Company Profile

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

Analyst Recommendations for Prudential Public Limited (NYSE:PUK)

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