Prudential Public Limited Company $PUK Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its stake in shares of Prudential Public Limited Company (NYSE:PUK) by 21.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,714,370 shares of the financial services provider’s stock after selling 748,039 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Prudential Public were worth $67,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Causeway Capital Management LLC boosted its stake in shares of Prudential Public by 10.1% during the first quarter. Causeway Capital Management LLC now owns 2,353,670 shares of the financial services provider’s stock valued at $50,604,000 after acquiring an additional 216,828 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Prudential Public by 30.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 822,909 shares of the financial services provider’s stock valued at $20,589,000 after purchasing an additional 193,454 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Prudential Public by 8.3% during the 1st quarter. Northern Trust Corp now owns 1,878,126 shares of the financial services provider’s stock worth $40,380,000 after purchasing an additional 144,354 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Prudential Public during the first quarter worth about $2,086,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Prudential Public by 270.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 127,564 shares of the financial services provider’s stock worth $3,192,000 after buying an additional 93,120 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays reissued an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a report on Wednesday, October 29th. UBS Group reiterated a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Prudential Public Price Performance

PUK stock opened at $29.31 on Friday. The stock has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $26.24. Prudential Public Limited Company has a 12-month low of $14.39 and a 12-month high of $29.82.

Prudential Public Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.