Zacks Investment Research lowered shares of Prudential Public Limited Company (NYSE:PUK) from a buy rating to a hold rating in a research report released on Wednesday.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Several other research analysts have also commented on PUK. BidaskClub lowered Prudential Public Limited from a strong-buy rating to a buy rating in a report on Saturday, August 12th. Goldman Sachs Group, Inc. (The) downgraded Prudential Public Limited from a conviction-buy rating to a buy rating in a research report on Monday, May 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $52.00.

Prudential Public Limited (PUK) opened at 46.32 on Wednesday. The stock’s 50 day moving average is $47.15 and its 200-day moving average is $44.38. The company has a market capitalization of $59.62 billion, a P/E ratio of 16.86 and a beta of 1.59. Prudential Public Limited has a 12-month low of $32.52 and a 12-month high of $49.67.

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The company also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, August 25th will be given a $0.3765 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a yield of 1.62%.

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Prudential Public Limited by 5.8% in the first quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock worth $148,274,000 after buying an additional 190,380 shares during the last quarter. Wells Fargo & Company MN increased its stake in Prudential Public Limited by 52.0% in the first quarter. Wells Fargo & Company MN now owns 2,496,593 shares of the financial services provider’s stock worth $105,755,000 after buying an additional 853,651 shares during the last quarter. Northern Trust Corp increased its stake in Prudential Public Limited by 2.1% in the second quarter. Northern Trust Corp now owns 1,667,845 shares of the financial services provider’s stock worth $76,737,000 after buying an additional 33,732 shares during the last quarter. Lazard Asset Management LLC increased its stake in Prudential Public Limited by 0.9% in the first quarter. Lazard Asset Management LLC now owns 1,056,582 shares of the financial services provider’s stock worth $44,756,000 after buying an additional 9,801 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Prudential Public Limited by 5.4% in the second quarter. Parametric Portfolio Associates LLC now owns 991,959 shares of the financial services provider’s stock worth $45,640,000 after buying an additional 50,833 shares during the last quarter. Institutional investors own 1.60% of the company’s stock.

About Prudential Public Limited

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

Analyst Recommendations for Prudential Public Limited (NYSE:PUK)

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