Glassman Wealth Services Grows Stake in Prudential plc (NYSE:PUK)

Glassman Wealth Services grew its holdings in Prudential plc (NYSE:PUK) by 135.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,183 shares of the financial services provider’s stock after buying an additional 681 shares during the quarter. Glassman Wealth Services’ holdings in Prudential were worth $27,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PUK. Causeway Capital Management LLC lifted its holdings in Prudential by 42.1% in the 3rd quarter. Causeway Capital Management LLC now owns 1,328,428 shares of the financial services provider’s stock worth $29,119,000 after buying an additional 393,374 shares during the period. Ramirez Asset Management Inc. purchased a new stake in Prudential in the 3rd quarter worth approximately $4,740,000. Envestnet Asset Management Inc. lifted its holdings in Prudential by 31.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock worth $15,989,000 after buying an additional 174,838 shares during the period. Northern Trust Corp lifted its holdings in Prudential by 11.2% in the 3rd quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock worth $29,194,000 after buying an additional 134,347 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Prudential by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 913,220 shares of the financial services provider’s stock worth $20,499,000 after buying an additional 128,949 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Stock Up 4.4 %

Shares of PUK traded up $0.79 on Thursday, reaching $18.58. The stock had a trading volume of 912,207 shares, compared to its average volume of 908,855. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $19.22 and a 200-day simple moving average of $20.78. Prudential plc has a 12-month low of $17.12 and a 12-month high of $30.58.

Prudential Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd will be paid a $0.2842 dividend. The ex-dividend date is Monday, April 1st. This is a boost from Prudential’s previous Semi-Annual dividend of $0.24.

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.