Prudential Public (NYSE:PUK) Upgraded to “Hold” at Wall Street Zen

by · The Markets Daily

Prudential Public (NYSE:PUK – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on PUK. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Public in a research report on Friday, October 2nd. Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Berenberg Bank set a $39.30 target price on shares of Prudential Public and gave the stock a “buy” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Prudential Public presently has an average rating of “Moderate Buy” and a consensus price target of $39.30.

Get Our Latest Research Report on Prudential Public

Prudential Public Stock Performance

PUK stock opened at $24.14 on Friday. Prudential Public has a one year low of $23.31 and a one year high of $34.03. The firm’s fifty day moving average is $26.34 and its 200 day moving average is $28.06.

Prudential Public (NYSE:PUK – Get Free Report) last posted its earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $3.90 billion for the quarter. As a group, research analysts expect that Prudential Public will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PUK. Integrated Wealth Concepts LLC acquired a new stake in Prudential Public during the 2nd quarter worth $26,000. Mather Group LLC. boosted its holdings in Prudential Public by 746.3% in the 3rd quarter. Mather Group LLC. now owns 4,037 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,560 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Prudential Public by 3,698.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,609 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 3,514 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of Prudential Public during the 1st quarter worth $166,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Prudential Public by 179.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,604 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Public Company Profile

(Get Free Report)

Prudential plc (NYSE: PUK) is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.

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