Creative Planning bought a new stake in Prudential plc (NYSE:PUK – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,015 shares of the financial services provider’s stock, valued at approximately $510,000.
Several other institutional investors have also recently added to or reduced their stakes in PUK. Bank of New York Mellon Corp increased its stake in Prudential by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 807,381 shares of the financial services provider’s stock valued at $23,881,000 after purchasing an additional 102,809 shares during the last quarter. American Century Companies Inc. increased its stake in Prudential by 37.1% in the first quarter. American Century Companies Inc. now owns 51,990 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 14,067 shares during the last quarter. US Bancorp DE increased its stake in Prudential by 35.0% in the first quarter. US Bancorp DE now owns 18,524 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 4,801 shares during the last quarter. BlackRock Inc. increased its stake in Prudential by 45.1% in the first quarter. BlackRock Inc. now owns 2,417,858 shares of the financial services provider’s stock valued at $71,520,000 after purchasing an additional 751,756 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Prudential by 42.4% in the first quarter. Sei Investments Co. now owns 206,600 shares of the financial services provider’s stock valued at $6,132,000 after purchasing an additional 61,500 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Prudential Trading Down 1.8 %
PUK stock opened at $20.84 on Friday. Prudential plc has a 1 year low of $18.20 and a 1 year high of $34.37. The stock has a 50-day simple moving average of $23.13 and a 200-day simple moving average of $26.45.
Prudential Cuts Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. StockNews.com assumed coverage on Prudential in a research note on Thursday, October 5th. They set a “hold” rating for the company. JPMorgan Chase & Co. dropped their price target on Prudential from GBX 1,630 ($19.91) to GBX 1,500 ($18.32) in a research note on Friday, September 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Prudential from GBX 1,540 ($18.81) to GBX 1,460 ($17.83) in a research note on Tuesday, October 10th. Morgan Stanley dropped their price target on Prudential from GBX 1,542 ($18.83) to GBX 1,510 ($18.44) in a research note on Thursday, July 13th. Finally, UBS Group dropped their price target on Prudential from GBX 1,590 ($19.42) to GBX 1,440 ($17.59) in a research note on Wednesday, July 12th.
View Our Latest Analysis on PUK
About Prudential
Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.
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