Prudential Public Limited (NYSE:PUK) Given Average Recommendation of “Hold” by Brokerages

Prudential Public Limited (NYSE:PUK) has earned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company.

Several equities research analysts have issued reports on PUK shares. Citigroup upgraded shares of Prudential Public from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th. Zacks Investment Research downgraded shares of Prudential Public from a “hold” rating to a “sell” rating in a research report on Wednesday.

PUK stock traded down $0.33 during mid-day trading on Tuesday, hitting $36.29. 333,313 shares of the company were exchanged, compared to its average volume of 389,094. The business has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $40.99. The company has a current ratio of 0.42, a quick ratio of 0.04 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $47.60 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.47. Prudential Public has a 1-year low of $31.84 and a 1-year high of $47.63.

The business also recently disclosed a dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.397 per share. The ex-dividend date is Thursday, August 22nd. This is an increase from Prudential Public’s previous dividend of $0.34. Prudential Public’s dividend payout ratio (DPR) is 15.99%.

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC lifted its position in Prudential Public by 344.5% during the first quarter. Lazard Asset Management LLC now owns 4,836,725 shares of the financial services provider’s stock worth $194,532,000 after acquiring an additional 3,748,484 shares during the last quarter. Bank of America Corp DE lifted its position in Prudential Public by 1.0% during the second quarter. Bank of America Corp DE now owns 3,747,894 shares of the financial services provider’s stock worth $164,232,000 after acquiring an additional 37,828 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Prudential Public by 3.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,316,095 shares of the financial services provider’s stock worth $57,671,000 after acquiring an additional 39,032 shares during the last quarter. Wells Fargo & Company MN lifted its position in Prudential Public by 3.6% during the first quarter. Wells Fargo & Company MN now owns 947,058 shares of the financial services provider’s stock worth $38,091,000 after acquiring an additional 33,235 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Prudential Public by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 909,793 shares of the financial services provider’s stock worth $32,179,000 after acquiring an additional 12,892 shares during the last quarter. Hedge funds and other institutional investors own 1.98% of the company’s stock.

About Prudential Public

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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Analyst Recommendations for Prudential Public (NYSE:PUK)

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