Prudential Public (NYSE:PUK) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Prudential Public (NYSE:PUK) to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a research report on Friday, May 15th. Finally, Zacks Research lowered Prudential Public from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.30.

Prudential Public Stock Performance

Shares of PUK opened at $27.76 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $28.25 and a two-hundred day moving average of $28.97. Prudential Public has a one year low of $24.61 and a one year high of $34.03.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $3.90 billion during the quarter. On average, research analysts forecast that Prudential Public will post 1.98 earnings per share for the current fiscal year.

Prudential Public Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 22nd. Investors of record on Friday, September 11th will be issued a $0.1776 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a dividend yield of 128.0%.

Hedge Funds Weigh In On Prudential Public

Institutional investors have recently bought and sold shares of the company. Morgan Stanley grew its position in Prudential Public by 79.2% in the fourth quarter. Morgan Stanley now owns 4,866,383 shares of the financial services provider’s stock worth $151,442,000 after acquiring an additional 2,150,074 shares during the period. Bank of America Corp DE grew its holdings in shares of Prudential Public by 241.5% during the 3rd quarter. Bank of America Corp DE now owns 2,998,803 shares of the financial services provider’s stock worth $83,936,000 after purchasing an additional 2,120,580 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Prudential Public by 63.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,585,685 shares of the financial services provider’s stock worth $80,499,000 after purchasing an additional 1,007,961 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Prudential Public by 99.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 819,518 shares of the financial services provider’s stock valued at $20,504,000 after buying an additional 409,517 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Prudential Public by 725.9% in the second quarter. Tower Research Capital LLC TRC now owns 385,917 shares of the financial services provider’s stock valued at $9,656,000 after buying an additional 339,188 shares during the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Public Company Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.