Envestnet Asset Management Inc. lowered its stake in Prudential Public Limited (NYSE:PUK) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,949 shares of the financial services provider’s stock after selling 1,281 shares during the period. Envestnet Asset Management Inc.’s holdings in Prudential Public were worth $2,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PUK. Carillon Tower Advisers Inc. purchased a new position in shares of Prudential Public in the first quarter worth about $38,274,000. Northern Trust Corp grew its stake in shares of Prudential Public by 8.7% in the first quarter. Northern Trust Corp now owns 1,662,477 shares of the financial services provider’s stock worth $85,003,000 after purchasing an additional 133,436 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Prudential Public by 5,119.7% in the first quarter. Summit Trail Advisors LLC now owns 117,757 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 115,501 shares during the last quarter. Sei Investments Co. grew its stake in shares of Prudential Public by 43.3% in the second quarter. Sei Investments Co. now owns 309,752 shares of the financial services provider’s stock worth $14,156,000 after purchasing an additional 93,647 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Prudential Public in the second quarter worth about $3,892,000. Hedge funds and other institutional investors own 1.65% of the company’s stock.

NYSE PUK opened at $44.72 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $56.62 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.48. Prudential Public Limited has a 1 year low of $43.12 and a 1 year high of $55.36.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, August 24th will be paid a $0.1567 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a dividend yield of 0.67%. Prudential Public’s payout ratio is presently 21.66%.

Several research firms recently issued reports on PUK. ValuEngine cut Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Evercore ISI began coverage on Prudential Public in a research note on Tuesday, July 10th. They issued an “in-line” rating on the stock. Finally, Zacks Investment Research raised Prudential Public from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.00.

Prudential Public Company Profile

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Institutional Ownership by Quarter for Prudential Public (NYSE:PUK)

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