Banco Santander S.A. lessened its stake in Prudential Public Limited (NYSE:PUK) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,590 shares of the financial services provider’s stock after selling 5,700 shares during the quarter. Banco Santander S.A.’s holdings in Prudential Public were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of Montreal Can purchased a new position in Prudential Public during the 2nd quarter worth $1,339,000. BB&T Corp grew its stake in Prudential Public by 15.0% during the 2nd quarter. BB&T Corp now owns 20,105 shares of the financial services provider’s stock worth $918,000 after buying an additional 2,626 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Prudential Public by 18.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,437 shares of the financial services provider’s stock worth $431,000 after buying an additional 1,500 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in Prudential Public during the 2nd quarter worth $203,000. Finally, Sei Investments Co. lifted its position in Prudential Public by 43.3% during the 2nd quarter. Sei Investments Co. now owns 309,752 shares of the financial services provider’s stock worth $14,156,000 after acquiring an additional 93,647 shares during the period. Hedge funds and other institutional investors own 1.58% of the company’s stock.
Shares of PUK opened at $39.56 on Friday. Prudential Public Limited has a one year low of $37.85 and a one year high of $55.36. The stock has a market cap of $51.37 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.13 and a beta of 1.46.
A number of brokerages have commented on PUK. ValuEngine cut Prudential Public from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research cut Prudential Public from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Prudential Public in a research report on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.00.
Prudential Public Company Profile
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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