Prudential Public Limited Company (PUK) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Prudential Public Limited Company (NYSE:PUK) from a sell rating to a hold rating in a report issued on Wednesday morning.

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. “

PUK has been the subject of a number of other research reports. Societe Generale raised shares of Prudential Public Limited Company from a sell rating to a hold rating in a research note on Wednesday, January 11th. Morgan Stanley reissued a buy rating on shares of Prudential Public Limited Company in a research note on Monday, November 28th. Finally, JPMorgan Chase & Co. raised shares of Prudential Public Limited Company from an underweight rating to a neutral rating in a research note on Friday, March 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $43.20.

Analyst Recommendations for Prudential Public Limited Company (NYSE:PUK)

Prudential Public Limited Company (NYSE:PUK) opened at 43.01 on Wednesday. Prudential Public Limited Company has a 1-year low of $29.14 and a 1-year high of $44.21. The stock has a market capitalization of $55.28 billion, a P/E ratio of 23.15 and a beta of 1.68. The stock has a 50 day moving average price of $41.04 and a 200-day moving average price of $38.29.

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The firm also recently disclosed a semiannual dividend, which will be paid on Friday, May 26th. Investors of record on Friday, March 31st will be paid a $0.744 dividend. This is an increase from Prudential Public Limited Company’s previous semiannual dividend of $0.34. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a yield of 3.5%.

A number of institutional investors have recently modified their holdings of PUK. Advisor Group Inc. increased its position in shares of Prudential Public Limited Company by 1.8% in the third quarter. Advisor Group Inc. now owns 4,921 shares of the company’s stock worth $172,000 after buying an additional 85 shares during the period. First Republic Investment Management Inc. acquired a new position in shares of Prudential Public Limited Company during the fourth quarter worth approximately $226,000. Keybank National Association OH acquired a new position in shares of Prudential Public Limited Company during the fourth quarter worth approximately $229,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Prudential Public Limited Company by 12.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,967 shares of the company’s stock worth $235,000 after buying an additional 654 shares during the period. Finally, M&T Bank Corp increased its position in shares of Prudential Public Limited Company by 8.9% in the third quarter. M&T Bank Corp now owns 6,650 shares of the company’s stock worth $237,000 after buying an additional 546 shares during the period. 1.46% of the stock is owned by institutional investors.

Prudential Public Limited Company Company Profile

Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.

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