Azimuth Capital Management LLC Has $6.17 Million Stake in Prudential Public Limited (PUK)
Azimuth Capital Management LLC grew its position in Prudential Public Limited (NYSE:PUK) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,100 shares of the financial services provider’s stock after buying an additional 3,255 shares during the period. Azimuth Capital Management LLC’s holdings in Prudential Public were worth $6,174,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of PUK. Forward Management LLC grew its stake in shares of Prudential Public by 3.6% in the 1st quarter. Forward Management LLC now owns 38,585 shares of the financial services provider’s stock valued at $1,973,000 after buying an additional 1,341 shares during the period. Atria Investments LLC grew its stake in shares of Prudential Public by 44.3% in the 1st quarter. Atria Investments LLC now owns 10,934 shares of the financial services provider’s stock valued at $559,000 after buying an additional 3,358 shares during the period. Advisor Partners LLC purchased a new stake in shares of Prudential Public in the 1st quarter valued at approximately $226,000. Miles Capital Inc. purchased a new stake in shares of Prudential Public in the 1st quarter valued at approximately $258,000. Finally, Wetherby Asset Management Inc. grew its stake in shares of Prudential Public by 7.1% in the 1st quarter. Wetherby Asset Management Inc. now owns 21,580 shares of the financial services provider’s stock valued at $1,104,000 after buying an additional 1,424 shares during the period. 1.65% of the stock is owned by institutional investors and hedge funds.
Shares of PUK stock opened at $45.15 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.40. Prudential Public Limited has a one year low of $43.12 and a one year high of $55.36. The company has a market capitalization of $57.60 billion, a PE ratio of 12.18, a P/E/G ratio of 1.22 and a beta of 1.52.
Several analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Prudential Public in a research note on Tuesday, July 10th. They issued an “in-line” rating for the company. ValuEngine cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of Prudential Public from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $57.00.
Prudential Public Profile
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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