Oppenheimer Asset Management Inc. reduced its position in Prudential Public Limited Company (NYSE:PUK) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,268 shares of the financial services provider’s stock after selling 5,941 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Prudential Public Limited were worth $1,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its stake in Prudential Public Limited by 1.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,043 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 21 shares during the last quarter. Bank of Montreal Can raised its stake in Prudential Public Limited by 1.3% in the 2nd quarter. Bank of Montreal Can now owns 21,070 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 268 shares during the last quarter. Atria Investments LLC raised its stake in Prudential Public Limited by 5.8% in the 2nd quarter. Atria Investments LLC now owns 6,694 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 369 shares during the last quarter. Earnest Partners LLC raised its stake in Prudential Public Limited by 1.2% in the 1st quarter. Earnest Partners LLC now owns 32,343 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 397 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Prudential Public Limited by 21.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 410 shares during the last quarter. 1.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on PUK shares. BidaskClub downgraded Prudential Public Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Prudential Public Limited from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.00.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/07/oppenheimer-asset-management-inc-sells-5941-shares-of-prudential-public-limited-company-puk.html.

Shares of Prudential Public Limited Company (NYSE PUK) opened at 46.02 on Thursday. The firm has a market capitalization of $59.24 billion, a P/E ratio of 16.75 and a beta of 1.59. Prudential Public Limited Company has a 52 week low of $32.52 and a 52 week high of $49.67. The firm has a 50 day moving average price of $47.25 and a 200-day moving average price of $44.75.

The business also recently declared 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. The ex-dividend date is Wednesday, August 23rd. This represents a dividend yield of 1.62%.

About Prudential Public Limited

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.

Want to see what other hedge funds are holding PUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Public Limited Company (NYSE:PUK).

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

Receive News & Stock Ratings for Prudential Public Limited Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public Limited Company and related stocks with our FREE daily email newsletter.