Prudential Public (NYSE:PUK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Prudential Public (NYSE:PUK) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the company. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Finally, Berenberg Bank set a $39.30 price objective on Prudential Public and gave the company a “buy” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Prudential Public presently has a consensus rating of “Moderate Buy” and an average price target of $39.30.

Prudential Public Stock Performance

Shares of NYSE:PUK opened at $25.20 on Friday. Prudential Public has a 1 year low of $24.61 and a 1 year high of $34.03. The business has a 50 day simple moving average of $27.74 and a two-hundred day simple moving average of $28.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.03.

Prudential Public (NYSE:PUK) last released its earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The business had revenue of $3.90 billion for the quarter. Equities analysts anticipate that Prudential Public will post 2.34 EPS for the current year.

Prudential Public Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.1776 per share. This represents a dividend yield of 133.0%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PUK. WINTON GROUP Ltd increased its position in shares of Prudential Public by 373.2% during the second quarter. WINTON GROUP Ltd now owns 70,500 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 55,600 shares in the last quarter. Transmarket Holdings LP acquired a new stake in shares of Prudential Public in the 1st quarter worth $4,790,000. Madison Asset Management LLC acquired a new stake in shares of Prudential Public in the 2nd quarter worth $2,366,000. Bank of America Corp DE grew its stake in Prudential Public by 5.6% during the 1st quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock worth $127,100,000 after buying an additional 238,189 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Prudential Public by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock worth $80,201,000 after buying an additional 240,416 shares during the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Company Profile

Prudential plc (NYSE: PUK) is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.