PNC Financial Services Group Inc. Has $741,000 Position in Prudential plc (NYSE:PUK)

PNC Financial Services Group Inc. increased its stake in shares of Prudential plc (NYSE:PUK) by 9.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,887 shares of the financial services provider’s stock after buying an additional 1,568 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Prudential were worth $741,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PUK. FMR LLC grew its position in Prudential by 38.2% during the first quarter. FMR LLC now owns 51,134 shares of the financial services provider’s stock worth $2,057,000 after buying an additional 14,140 shares in the last quarter. American Century Companies Inc. grew its position in Prudential by 34.6% during the second quarter. American Century Companies Inc. now owns 13,984 shares of the financial services provider’s stock worth $533,000 after buying an additional 3,596 shares in the last quarter. HighTower Advisors LLC grew its position in Prudential by 10.4% during the second quarter. HighTower Advisors LLC now owns 6,207 shares of the financial services provider’s stock worth $239,000 after buying an additional 585 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Prudential by 189.2% during the second quarter. Rockefeller Capital Management L.P. now owns 8,986 shares of the financial services provider’s stock worth $341,000 after buying an additional 5,879 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Prudential by 1.2% in the 2nd quarter. Citigroup Inc. now owns 61,523 shares of the financial services provider’s stock valued at $2,344,000 after purchasing an additional 713 shares in the last quarter. 1.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE PUK opened at $36.30 on Friday. Prudential plc has a twelve month low of $31.74 and a twelve month high of $44.99. The business’s fifty day moving average is $35.89 and its 200 day moving average is $38.60.

PUK has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Prudential in a report on Tuesday, September 28th. Citigroup initiated coverage on Prudential in a report on Tuesday, November 9th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Prudential in a report on Tuesday, September 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential in a report on Thursday, October 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Prudential in a report on Friday, November 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $38.00.

Prudential Profile

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.

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Institutional Ownership by Quarter for Prudential (NYSE:PUK)

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