Prudential Public Limited Company (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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 brokerages have also issued reports on PUK. BidaskClub raised Prudential Public Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) lowered Prudential Public Limited from a “conviction-buy” rating to a “buy” rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Prudential Public Limited presently has an average rating of “Buy” and a consensus target price of $52.00.

Prudential Public Limited (NYSE PUK) opened at 46.52 on Friday. The firm has a market cap of $59.88 billion, a PE ratio of 16.50 and a beta of 1.59. The firm has a 50-day moving average price of $47.13 and a 200-day moving average price of $44.12. Prudential Public Limited has a one year low of $32.52 and a one year high of $49.67.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its position in Prudential Public Limited by 22.6% in the first quarter. William Blair Investment Management LLC now owns 146,801 shares of the financial services provider’s stock valued at $6,218,000 after buying an additional 27,066 shares in the last quarter. Greenleaf Trust bought a new position in Prudential Public Limited during the first quarter valued at approximately $318,000. Aperio Group LLC increased its position in Prudential Public Limited by 14.8% in the second quarter. Aperio Group LLC now owns 374,914 shares of the financial services provider’s stock valued at $17,250,000 after buying an additional 48,288 shares in the last quarter. Azimuth Capital Management LLC bought a new position in Prudential Public Limited during the first quarter valued at approximately $1,704,000. Finally, Wells Fargo & Company MN increased its position 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 valued at $105,755,000 after buying an additional 853,651 shares in the last quarter. Hedge funds and other institutional investors own 1.65% of the company’s stock.

About Prudential Public Limited

Prudential Public Limited Company (Prudential) is a United Kingdom-based 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.

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Analyst Recommendations for Prudential Public Limited (NYSE:PUK)

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