US Bancorp DE Sells 5,851 Shares of Prudential plc (NYSE:PUK)

US Bancorp DE cut its holdings in shares of Prudential plc (NYSE:PUK) by 38.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,220 shares of the financial services provider’s stock after selling 5,851 shares during the period. US Bancorp DE’s holdings in Prudential were worth $171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PUK. EverSource Wealth Advisors LLC increased its position in Prudential by 45.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Prudential during the 2nd quarter valued at about $44,000. Blue Trust Inc. increased its position in shares of Prudential by 202.2% during the second 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 period. Russell Investments Group Ltd. raised its stake in Prudential by 98.0% in the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,342 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Prudential in the first quarter worth about $75,000. Institutional investors own 1.90% of the company’s stock.

Prudential Price Performance

NYSE:PUK opened at $15.85 on Friday. The firm has a market capitalization of $21.41 billion, a P/E ratio of 7.46, a PEG ratio of 0.42 and a beta of 1.23. Prudential plc has a one year low of $15.10 and a one year high of $23.73. The company’s 50-day simple moving average is $17.18 and its 200 day simple moving average is $17.96.

Prudential Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were given a $0.1368 dividend. The ex-dividend date was Friday, September 6th. Prudential’s dividend payout ratio is currently 12.98%.

Analysts Set New Price Targets

A number of research firms have weighed in on PUK. Deutsche Bank Aktiengesellschaft downgraded Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Barclays upgraded Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th.

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.