Dimensional Fund Advisors LP Sells 11,425 Shares of Prudential plc (NYSE:PUK)

Dimensional Fund Advisors LP trimmed its position in shares of Prudential plc (NYSE:PUK) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 993,525 shares of the financial services provider’s stock after selling 11,425 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Prudential worth $18,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Prudential by 15.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock valued at $45,159,000 after purchasing an additional 274,674 shares during the period. Natixis Advisors LLC grew its stake in shares of Prudential by 35.9% in the 2nd quarter. Natixis Advisors LLC now owns 593,789 shares of the financial services provider’s stock valued at $10,878,000 after purchasing an additional 156,708 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Prudential by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock valued at $16,829,000 after purchasing an additional 72,093 shares during the period. Cantor Fitzgerald L. P. bought a new stake in shares of Prudential in the 4th quarter valued at approximately $1,012,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Prudential by 39.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,150 shares of the financial services provider’s stock valued at $2,677,000 after purchasing an additional 41,033 shares during the period. 1.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PUK has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Finally, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th.

Prudential Price Performance

Shares of PUK opened at $18.74 on Friday. Prudential plc has a one year low of $15.77 and a one year high of $23.73. The business’s 50 day simple moving average is $17.16 and its 200-day simple moving average is $18.25.

Prudential Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th will be issued a $0.1368 dividend. The ex-dividend date of this dividend is Friday, September 6th.

Prudential 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.