Prudential plc (NYSE:PUK) Given Average Rating of “Buy” by Analysts

Marketbeat reports. Five investment analysts have rated the stock with a buy rating.

A number of equities analysts have recently issued reports on PUK shares. Wall Street Zen upgraded Prudential from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft upgraded Prudential from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Citigroup restated a “buy” rating on shares of Prudential in a research report on Tuesday, April 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential in a research note on Tuesday, May 13th. Finally, Barclays reaffirmed an “overweight” rating on shares of Prudential in a research note on Thursday, May 22nd.

Prudential Stock Performance

PUK opened at $23.81 on Friday. The firm has a market cap of $31.00 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.41 and a beta of 1.02. Prudential has a 52-week low of $14.39 and a 52-week high of $24.00. The business’s fifty day moving average is $21.68 and its 200-day moving average is $18.94.

Prudential Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th were issued a $0.3258 dividend. The ex-dividend date was Friday, March 28th. This is a positive change from Prudential’s previous dividend of $0.24. Prudential’s dividend payout ratio (DPR) is currently 28.02%.

Institutional Trading of Prudential

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Prudential by 33.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 79,442 shares of the financial services provider’s stock worth $1,266,000 after acquiring an additional 19,889 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Prudential by 62.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider’s stock valued at $1,481,000 after buying an additional 35,811 shares during the period. ABC Arbitrage SA bought a new stake in shares of Prudential in the fourth quarter valued at $16,207,000. First Trust Advisors LP bought a new stake in shares of Prudential in the fourth quarter valued at $228,000. Finally, Jane Street Group LLC raised its stake in shares of Prudential by 575.1% in the fourth quarter. Jane Street Group LLC now owns 72,470 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 61,735 shares during the period. 1.90% of the stock is currently owned by institutional investors.

About Prudential

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.