Zacks Investment Research cut shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Separately, Citigroup raised Prudential Public from a neutral rating to a buy rating in a research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold.

Shares of NYSE:PUK opened at $36.29 on Wednesday. The business has a 50-day moving average price of $35.57 and a 200 day moving average price of $40.99. The company has a current ratio of 0.42, a quick ratio of 0.04 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $47.69 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.03 and a beta of 1.47. Prudential Public has a 12-month low of $31.84 and a 12-month high of $47.63.

The firm also recently disclosed a dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, August 23rd will be given a dividend of $0.397 per share. This is an increase from Prudential Public’s previous dividend of $0.34. The ex-dividend date is Thursday, August 22nd. Prudential Public’s dividend payout ratio (DPR) is presently 15.99%.

Several large investors have recently modified their holdings of PUK. Motco acquired a new stake in shares of Prudential Public during the 2nd quarter worth about $26,000. FinTrust Capital Advisors LLC boosted its holdings in Prudential Public by 80.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 826 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 369 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Prudential Public by 529.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 800 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 673 shares during the period. Advisory Services Network LLC boosted its holdings in Prudential Public by 681.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,031 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 899 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in Prudential Public by 48.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 444 shares during the period. 1.98% of the stock is owned by hedge funds and other institutional investors.

Prudential Public Company Profile

Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential Public (NYSE:PUK)

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