JPMorgan Chase & Co. lowered its position in shares of Prudential plc (NYSE:PUK – Get Rating) by 39.9% in the first quarter, Holdings Channel reports. The firm owned 539,653 shares of the financial services provider’s stock after selling 357,977 shares during the period. JPMorgan Chase & Co.’s holdings in Prudential were worth $15,964,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. UMB Bank N A MO purchased a new position in Prudential in the 4th quarter worth approximately $26,000. CWM LLC boosted its holdings in Prudential by 79.9% in the 1st quarter. CWM LLC now owns 1,506 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 669 shares during the period. Parallel Advisors LLC raised its position in shares of Prudential by 45.2% in the 1st quarter. Parallel Advisors LLC now owns 3,779 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,177 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Prudential in the 4th quarter valued at approximately $137,000. Finally, Ellevest Inc. raised its position in shares of Prudential by 53.3% in the 1st quarter. Ellevest Inc. now owns 6,146 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,138 shares in the last quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.
Insiders Place Their Bets
In other news, major shareholder Plc Prudential sold 4,200,000 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $40.79, for a total value of $171,318,000.00. Following the completion of the transaction, the insider now owns 12,135,443 shares of the company’s stock, valued at $495,004,719.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Prudential Price Performance
Shares of NYSE PUK opened at $21.39 on Wednesday. Prudential plc has a 1-year low of $20.26 and a 1-year high of $44.42. The company has a quick ratio of 0.04, a current ratio of 0.72 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $23.87 and its two-hundred day moving average price is $26.05.
Prudential Increases Dividend
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Friday, August 19th will be given a $0.115 dividend. The ex-dividend date is Thursday, August 18th. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.11.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as savings products, such as participating, linked, and other traditional products. The company also provides insurance against common critical illnesses, including cancer, stroke, and heart attack; and tropical disease protection, such as dengue, malaria, and measles.
- Get a free copy of the StockNews.com research report on Prudential (PUK)
- 3 Low Beta Defensive Stocks for a Tough Market
- It Could Be a September to Remember for These 3 Stocks
- Peak Inflation Sets the Bottom for Brinker International Stock
- Can Roblox Reverse its Falling Bookings Amid Rising Engagements
- Broadcom Bounces From Institutional Bottom
Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.