Prudential plc (NYSE:PUK – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.99, but opened at $18.36. Prudential shares last traded at $18.36, with a volume of 337,088 shares.
Wall Street Analysts Forecast Growth
PUK has been the subject of a number of recent research reports. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th.
View Our Latest Stock Analysis on Prudential
Prudential Price Performance
Prudential Cuts Dividend
The firm also recently declared 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 of this dividend is Friday, September 6th.
Institutional Trading of Prudential
Several hedge funds and other institutional investors have recently modified their holdings of PUK. Sanctuary Advisors LLC acquired a new stake in Prudential during the second quarter worth approximately $678,000. Northwestern Mutual Wealth Management Co. boosted its stake in Prudential by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 2,507 shares during the period. Creative Planning boosted its stake in Prudential by 96.8% in the 2nd quarter. Creative Planning now owns 70,751 shares of the financial services provider’s stock valued at $1,296,000 after purchasing an additional 34,799 shares during the period. AQR Capital Management LLC acquired a new position in Prudential in the 2nd quarter valued at $364,000. Finally, Marshall Wace LLP increased its position in Prudential by 13.5% during the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock worth $19,723,000 after buying an additional 128,124 shares during the period. Institutional investors own 1.90% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Prudential
- Most Volatile Stocks, What Investors Need to Know
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- 3 Warren Buffett Stocks to Buy Now
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- What is a Low P/E Ratio and What Does it Tell Investors?
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.