Bank of New York Mellon Corp increased its stake in shares of Prudential Public Limited (NYSE:PUK) by 375.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 531,221 shares of the financial services provider’s stock after purchasing an additional 419,508 shares during the period. Bank of New York Mellon Corp’s holdings in Prudential Public were worth $24,377,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. purchased a new position in Prudential Public in the 3rd quarter valued at approximately $104,000. Stelac Advisory Services LLC purchased a new position in Prudential Public in the 3rd quarter valued at approximately $135,000. Dearborn Partners LLC purchased a new position in Prudential Public in the 3rd quarter valued at approximately $201,000. MML Investors Services LLC purchased a new position in Prudential Public in the 3rd quarter valued at approximately $205,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Prudential Public in the 2nd quarter valued at approximately $223,000. 1.61% of the stock is owned by hedge funds and other institutional investors.

PUK has been the subject of several recent research reports. Zacks Investment Research raised shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI raised shares of Prudential Public from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. ValuEngine raised shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Societe Generale cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Prudential Public in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.00.

Prudential Public stock opened at $39.24 on Friday. The firm has a market cap of $50.51 billion, a PE ratio of 10.49, a PEG ratio of 1.08 and a beta of 1.38. Prudential Public Limited has a 12-month low of $33.31 and a 12-month high of $54.95.

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Prudential Public Profile

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Institutional Ownership by Quarter for Prudential Public (NYSE:PUK)

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