Shares of Prudential Public Limited (NYSE:PUK) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company.
A number of research analysts recently weighed in on PUK shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Prudential Public in a research note on Monday, August 17th. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a research report on Friday, August 14th. Finally, Zacks Investment Research lowered shares of Prudential Public from a “hold” rating to a “sell” rating in a research report on Friday, August 28th.
Large investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in Prudential Public by 210.8% in the first quarter. Morgan Stanley now owns 363,673 shares of the financial services provider’s stock worth $9,012,000 after acquiring an additional 246,676 shares in the last quarter. Scout Investments Inc. grew its position in Prudential Public by 1.0% in the second quarter. Scout Investments Inc. now owns 630,446 shares of the financial services provider’s stock worth $19,153,000 after acquiring an additional 6,207 shares in the last quarter. Citigroup Inc. grew its position in Prudential Public by 3.8% in the first quarter. Citigroup Inc. now owns 62,317 shares of the financial services provider’s stock worth $1,544,000 after acquiring an additional 2,289 shares in the last quarter. Geode Capital Management LLC grew its position in Prudential Public by 86.7% in the first quarter. Geode Capital Management LLC now owns 63,007 shares of the financial services provider’s stock worth $1,560,000 after acquiring an additional 29,258 shares in the last quarter. Finally, BBVA USA Bancshares Inc. grew its position in Prudential Public by 9.8% in the second quarter. BBVA USA Bancshares Inc. now owns 66,907 shares of the financial services provider’s stock worth $2,033,000 after acquiring an additional 5,945 shares in the last quarter. Institutional investors own 1.68% of the company’s stock.
Prudential Public stock traded down $0.06 during mid-day trading on Tuesday, reaching $30.51. The company’s stock had a trading volume of 274,300 shares, compared to its average volume of 233,820. Prudential Public has a 12-month low of $15.68 and a 12-month high of $42.55. The company has a market capitalization of $39.66 billion, a P/E ratio of 8.69, a PEG ratio of 1.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.02 and a current ratio of 0.45. The firm’s fifty day moving average price is $31.37 and its two-hundred day moving average price is $29.07.
The company also recently declared a semi-annual dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 21st will be given a dividend of $0.1074 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a dividend yield of 1.9%. Prudential Public’s dividend payout ratio (DPR) is currently 29.63%.
Prudential Public Company Profile
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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