Prudential Public (PUK) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Prudential Public (NYSE:PUK) from a buy rating to a hold rating in a report issued on Saturday, January 6th.

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 downgraded shares of Prudential Public from a strong-buy rating to a buy rating in a research note on Saturday, December 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Prudential Public presently has a consensus rating of Buy and a consensus price target of $60.00.

Prudential Public (NYSE:PUK) opened at $54.28 on Friday. Prudential Public has a 12 month low of $38.17 and a 12 month high of $54.31.

A number of hedge funds have recently bought and sold shares of PUK. First Trust Advisors LP purchased a new position in Prudential Public in the 2nd quarter worth about $730,000. Bronfman E.L. Rothschild L.P. grew its holdings in Prudential Public by 21.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 410 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Prudential Public during the 2nd quarter worth about $220,000. JPMorgan Chase & Co. grew its holdings in Prudential Public by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 587,518 shares of the financial services provider’s stock worth $27,031,000 after acquiring an additional 60,385 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its holdings in Prudential Public by 8.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 22,506 shares of the financial services provider’s stock worth $1,036,000 after acquiring an additional 1,666 shares in the last quarter. 1.63% of the stock is currently owned by institutional investors.

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About Prudential Public

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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