Sei Investments Co. increased its stake in shares of Prudential Public Limited Company (NYSE:PUK) by 29.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,041 shares of the financial services provider’s stock after buying an additional 33,462 shares during the period. Sei Investments Co.’s holdings in Prudential Public Limited were worth $6,719,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PUK. Wells Fargo & Company MN increased its stake in shares of Prudential Public Limited by 52.0% in the first quarter. Wells Fargo & Company MN now owns 2,496,593 shares of the financial services provider’s stock valued at $105,755,000 after buying an additional 853,651 shares during the last quarter. Scout Investments Inc. increased its stake in shares of Prudential Public Limited by 128.0% in the first quarter. Scout Investments Inc. now owns 953,686 shares of the financial services provider’s stock valued at $35,477,000 after buying an additional 535,453 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Prudential Public Limited during the first quarter valued at $13,836,000. Bank of America Corp DE increased its stake in shares of Prudential Public Limited by 5.8% in the first quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock valued at $148,274,000 after buying an additional 190,380 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Prudential Public Limited by 14.4% in the first quarter. Parametric Portfolio Associates LLC now owns 941,126 shares of the financial services provider’s stock valued at $39,866,000 after buying an additional 118,204 shares during the last quarter. Hedge funds and other institutional investors own 1.65% of the company’s stock.

Prudential Public Limited Company (NYSE PUK) opened at 46.96 on Tuesday. Prudential Public Limited Company has a one year low of $32.52 and a one year high of $49.67. The company has a market cap of $60.20 billion, a P/E ratio of 16.65 and a beta of 1.59. The company’s 50 day moving average price is $47.09 and its 200-day moving average price is $43.98.

The business also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, August 25th will be issued a $0.3765 dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 23rd.

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Several analysts have weighed in on PUK shares. Zacks Investment Research upgraded Prudential Public Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) downgraded Prudential Public Limited from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 8th. Finally, BidaskClub upgraded Prudential Public Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.00.

Prudential Public Limited Company Profile

Prudential Public Limited Company (Prudential) is a United Kingdom-based 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.

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Institutional Ownership by Quarter for Prudential Public Limited (NYSE:PUK)

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