Arete Wealth Advisors LLC has acquired a new position in Prudential plc (NYSE:PUK – Get Rating) shares in the fourth quarter, according to the company’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) Did. The company acquired 192,790 shares of a financial services provider worth approximately $9,465,989,000,000. Prudential represents approximately 0.8% of Arete Wealth Advisors LLC’s holdings, making it its 21st largest holding.
Many other hedge funds and other institutional investors have also increased or decreased their stakes in PUK recently. CWM LLC increased its Prudential holdings by 94.3% in the fourth quarter. CWM LLC now owns 2,433 shares of the financial services provider worth $67,000 after acquiring an additional 1,181 of his shares during the last quarter. Ronald Blue Trust Inc. increased its stake in Prudential shares by 240.8% in the fourth quarter. Ronald Blue Trust Inc. now owns 3,364 shares of the financial services provider worth $67,000 after purchasing an additional 2,377 of his shares last quarter. Tower Research Capital LLC TRC increased its position in Prudential shares by 292.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the financial services provider worth $75,000 after purchasing an additional 2,822 shares during this period. Zions Bancorporation NA increased its stake in Prudential by 41.9% in the first quarter. Zions Bancorporation NA now owns 3,963 shares of the financial services provider worth $117,000 after purchasing an additional 1,171 shares last quarter. Finally, IFP Advisors Inc increased its Prudential holding by 21.8% in the third quarter. After purchasing an additional 766 shares during this period, IFP Advisors Inc now owns 4,278 shares of the financial services provider worth $119,000. 1.93% of the shares are currently owned by hedge funds and other institutional investors.
Prudential Trading 0.2% up
PUK shares rose $0.05 to $27.94 during Wednesday’s trading hours. His 260,791 shares of the company’s stock were hand traded, compared to an average turnover of 631,799. Prudential plc has a 12-month low of $18.20 and a 12-month high of $34.37. The company has an equity ratio of 0.25, a quick ratio of 0.04 and a current ratio of 0.04. The company has a 50-day simple moving average of $28.52 and a 200-day simple moving average of $26.91.
prudential dividend increase
The business recently announced a half-year dividend payable on Monday, May 15. Shareholders of record on Friday, March 24 will receive a dividend of $0.2608 per share. The ex-dividend date for this dividend is Thursday, March 23. This is a positive change from Prudential’s previous half-year dividend of $0.24. This represents a yield of 1.47% for him.
Wall Street Analyst Predicts Growth
A number of equity analysts have recently commented on the company. Goldman Sachs Group upgraded Prudential’s rating from “buy” to “confidence buy” in a report on Monday, January 16. StockNews.com began covering Prudential with a report on Thursday, March 16. They set a “sell” rating for the company. JPMorgan Chase & Co. increased its price target on Prudential shares from GBX 1,750 ($21.86) to GBX 1,850 ($23.10) in a report on Thursday, March 23. BNP Paribas cut Prudential’s rating from ‘neutral’ to ‘underperforming’ in a research report on Thursday, January 5. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Prudential shares from He GBX 1,460 ($18.23) to He GBX 1,550 ($19.36) in a report on Monday. Two equity research analysts gave the company a sell rating, two assigned a buy rating, and one assigned a strong buy rating. According to MarketBeat data, the company’s current average valuation is “pending” with a consensus target price of $1,540.00.
Prudential Plc is a holding company engaged in the provision of insurance and financial services. It operates through the geographic segments of CPL, Hong Kong, Indonesia, Malaysia, Singapore, Growth Markets and Other, and Eatspring. The company was founded on May 30, 1848 and is headquartered in London, England.
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