Prudential plc (NYSE:PUK) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in shares of Prudential plc (NYSE:PUK) by 41.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,527 shares of the financial services provider’s stock after selling 27,096 shares during the period. BNP Paribas Financial Markets’ holdings in Prudential were worth $714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PUK. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Prudential by 16.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 59,749 shares of the financial services provider’s stock worth $1,095,000 after buying an additional 8,307 shares during the period. Blue Trust Inc. grew its position in Prudential by 202.2% in the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,806 shares during the last quarter. AMG National Trust Bank increased its stake in Prudential by 32.1% in the 2nd quarter. AMG National Trust Bank now owns 151,177 shares of the financial services provider’s stock valued at $2,770,000 after buying an additional 36,747 shares during the period. Bank of New York Mellon Corp raised its position in Prudential by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider’s stock worth $13,960,000 after buying an additional 4,082 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Prudential by 19.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 760 shares during the period. 1.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PUK shares. Barclays raised Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th.

Prudential Stock Down 2.4 %

NYSE PUK opened at $16.71 on Friday. Prudential plc has a 1-year low of $15.10 and a 1-year high of $22.93. The business’s 50-day simple moving average is $16.86 and its 200-day simple moving average is $17.50.

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.