Oppenheimer Asset Management Inc. grew its holdings in shares of Prudential plc (NYSE:PUK – Free Report) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,598 shares of the financial services provider’s stock after acquiring an additional 5,448 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Prudential were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in Prudential in the 2nd quarter worth $44,000. Blue Trust Inc. increased its stake in Prudential by 202.2% in the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,806 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Prudential by 98.0% during the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,342 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Prudential in the first quarter valued at about $75,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PUK shares. Deutsche Bank Aktiengesellschaft downgraded Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Barclays raised shares of Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th.
Prudential Price Performance
Shares of Prudential stock opened at $16.13 on Friday. The stock has a 50 day moving average of $17.16 and a 200 day moving average of $17.92. Prudential plc has a 12 month low of $15.10 and a 12 month high of $23.73.
Prudential Cuts Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were given a dividend of $0.1368 per share. The ex-dividend date of this dividend was Friday, September 6th.
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.
Further Reading
- Five stocks we like better than Prudential
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- ORIC: Working with Two Pharma Giants, Analysts See +100% Upside
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Freeport-McMoRan, Copper Demand Short-Term Pain, Long-Term Gain
- What Are Growth Stocks and Investing in Them
- Time to Load Up on Home Builders?
Want to see what other hedge funds are holding PUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential plc (NYSE:PUK – Free Report).
Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.
