Belpointe Asset Management LLC Takes Position in Prudential plc (NYSE:PUK)

Belpointe Asset Management LLC acquired a new stake in Prudential plc (NYSE:PUK – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,886 shares of the financial services provider’s stock, valued at approximately $52,000.

Other large investors also recently modified their holdings of the company. Ronald Blue Trust Inc. boosted its position in shares of Prudential by 240.8% in the fourth quarter. Ronald Blue Trust Inc. now owns 3,364 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 2,377 shares during the period. CWM LLC raised its stake in Prudential by 94.3% in the fourth quarter. CWM LLC now owns 2,433 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 1,181 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Prudential by 292.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 2,822 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Prudential by 15.5% in the third quarter. EverSource Wealth Advisors LLC now owns 4,390 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 590 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in Prudential by 41.9% in the first quarter. Zions Bancorporation N.A. now owns 3,963 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 1,171 shares in the last quarter. 1.93% of the stock is currently owned by institutional investors.

Prudential Stock Down 2.6 %

PUK stock opened at $28.78 on Wednesday. Prudential plc has a one year low of $18.20 and a one year high of $34.37. The company’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $28.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.04 and a quick ratio of 0.04.

Prudential Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, May 15th. Investors of record on Friday, March 24th were paid a $0.2608 dividend. This represents a dividend yield of 1.47%. This is an increase from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend was Thursday, March 23rd.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PUK shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Prudential from GBX 1,460 ($18.16) to GBX 1,550 ($19.28) in a research note on Monday, April 24th. Barclays lowered their target price on shares of Prudential from GBX 1,750 ($21.77) to GBX 1,700 ($21.14) in a research note on Thursday, March 16th. JPMorgan Chase & Co. raised their target price on shares of Prudential from GBX 1,750 ($21.77) to GBX 1,850 ($23.01) in a research note on Thursday, March 23rd. Finally, StockNews.com initiated coverage on shares of Prudential in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,540.00.

Prudential Company Profile

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Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the following geographical segments: CPL, Hong Kong, Indonesia, Malaysia, Singapore, Growth Markets and Other, and Eatspring. The company was founded on May 30, 1848 and is headquartered in London, the United Kingdom.