Zacks Investment Research Lowers Prudential Public (PUK) to Hold
Prudential Public (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. “
Separately, ValuEngine lowered Prudential Public from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Prudential Public currently has a consensus rating of “Buy” and a consensus price target of $57.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUK. Bronfman E.L. Rothschild L.P. raised its position in Prudential Public by 21.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the financial services provider’s stock valued at $108,000 after buying an additional 410 shares during the last quarter. Quadrant Capital Group LLC raised its position in Prudential Public by 11.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,282 shares of the financial services provider’s stock valued at $137,000 after buying an additional 347 shares during the last quarter. Boston Private Wealth LLC purchased a new stake in Prudential Public in the 3rd quarter valued at $201,000. Stevens Capital Management LP purchased a new stake in shares of Prudential Public during the 3rd quarter valued at $204,000. Finally, Advisor Group Inc. increased its position in shares of Prudential Public by 0.7% during the 2nd quarter. Advisor Group Inc. now owns 4,481 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 30 shares during the last quarter. 1.63% of the stock is owned by institutional investors and hedge funds.
Prudential Public Company Profile
Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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