Royal Bank of Canada Sells 29,540 Shares of Prudential Public Limited Company $PUK

Royal Bank of Canada lessened its holdings in Prudential Public Limited Company (NYSE:PUK) by 11.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 231,193 shares of the financial services provider’s stock after selling 29,540 shares during the quarter. Royal Bank of Canada’s holdings in Prudential Public were worth $6,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PUK. Morgan Stanley raised its stake in Prudential Public by 79.2% in the fourth quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider’s stock worth $151,442,000 after buying an additional 2,150,074 shares in the last quarter. Bank of America Corp DE boosted its position in Prudential Public by 241.5% during the 3rd quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock valued at $83,936,000 after acquiring an additional 2,120,580 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Prudential Public by 63.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,585,685 shares of the financial services provider’s stock valued at $80,499,000 after acquiring an additional 1,007,961 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Prudential Public by 99.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider’s stock valued at $20,504,000 after acquiring an additional 409,517 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Prudential Public by 725.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 385,917 shares of the financial services provider’s stock valued at $9,656,000 after acquiring an additional 339,188 shares during the period. 1.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Prudential Public Stock Down 2.8%

Shares of PUK stock opened at $27.44 on Wednesday. The stock’s fifty day moving average price is $27.76 and its 200 day moving average price is $29.51. Prudential Public Limited Company has a 1-year low of $24.61 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04.

Prudential Public Company 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.