Prudential Public Limited Company (PUK) Receives $54.00 Consensus PT from Analysts
Shares of Prudential Public Limited Company (NYSE:PUK) have been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $54.00.
PUK has been the topic of several recent research reports. BidaskClub downgraded Prudential Public Limited from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research raised Prudential Public Limited from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, July 26th.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in Prudential Public Limited by 5.8% during the 1st quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock worth $148,274,000 after buying an additional 190,380 shares during the period. Northern Trust Corp lifted its stake in shares of Prudential Public Limited by 2.1% in the 2nd quarter. Northern Trust Corp now owns 1,667,845 shares of the financial services provider’s stock valued at $76,737,000 after purchasing an additional 33,732 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Prudential Public Limited by 0.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,056,582 shares of the financial services provider’s stock valued at $44,756,000 after purchasing an additional 9,801 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Prudential Public Limited by 5.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 991,959 shares of the financial services provider’s stock valued at $45,640,000 after purchasing an additional 50,833 shares during the period. Finally, Scout Investments Inc. lifted its stake in shares of 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 purchasing an additional 213,627 shares during the period. 1.60% of the stock is currently owned by hedge funds and other institutional investors.
Prudential Public Limited (PUK) traded up 2.31% during trading on Friday, reaching $47.43. The company’s stock had a trading volume of 505,720 shares. The firm has a 50 day moving average price of $47.18 and a 200-day moving average price of $45.18. Prudential Public Limited has a 52-week low of $32.52 and a 52-week high of $49.67. The stock has a market cap of $61.05 billion, a price-to-earnings ratio of 16.83 and a beta of 1.59.
The business also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.3765 per share. This represents a yield of 1.62%. The ex-dividend date is Wednesday, August 23rd.
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.
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