XTX Topco Ltd Has $707,000 Stock Position in Prudential plc (NYSE:PUK)

XTX Topco Ltd grew its stake in shares of Prudential plc (NYSE:PUK) by 266.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 38,579 shares of the financial services provider’s stock after purchasing an additional 28,047 shares during the quarter. XTX Topco Ltd’s holdings in Prudential were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Prudential by 369.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,078 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Prudential during the fourth quarter worth $28,000. BNP Paribas Financial Markets boosted its position in shares of Prudential by 398.5% in the fourth quarter. BNP Paribas Financial Markets now owns 34,123 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 27,278 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Prudential by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 913,220 shares of the financial services provider’s stock valued at $20,499,000 after acquiring an additional 128,949 shares in the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in Prudential by 5.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 10,031 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 483 shares during the period. Institutional investors own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com raised shares of Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Prudential Price Performance

PUK stock opened at $16.80 on Monday. The company’s 50-day moving average price is $17.18 and its two-hundred day moving average price is $18.39. The firm has a market cap of $23.10 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.46 and a beta of 1.22. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. Prudential plc has a 12 month low of $15.77 and a 12 month high of $23.73.

Prudential Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, September 6th will be paid a $0.1368 dividend. The ex-dividend date is Friday, September 6th. Prudential’s dividend payout ratio (DPR) is 12.50%.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.