Prudential Public (NYSE:PUK) Rating Lowered to Sell at Wall Street Zen

Prudential Public (NYSE:PUK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Friday, October 2nd. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Berenberg Bank began coverage on shares of Prudential Public in a report on Thursday, September 3rd. They set a “buy” rating and a $39.30 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Prudential Public currently has an average rating of “Moderate Buy” and a consensus target price of $39.30.

Prudential Public Stock Performance

PUK opened at $24.77 on Friday. Prudential Public has a fifty-two week low of $23.31 and a fifty-two week high of $34.03. The firm has a 50-day moving average of $25.31 and a 200 day moving average of $28.40.

Prudential Public (NYSE:PUK) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $3.90 billion during the quarter. On average, equities analysts forecast that Prudential Public will post 2.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Prudential Public

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Prudential Public by 5.6% in the first quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after purchasing an additional 238,189 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Prudential Public by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,826,101 shares of the financial services provider’s stock worth $80,201,000 after buying an additional 240,416 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Prudential Public by 13.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock worth $68,157,000 after buying an additional 292,677 shares in the last quarter. Quantinno Capital Management LP grew its stake in Prudential Public by 45.5% in the 1st quarter. Quantinno Capital Management LP now owns 638,516 shares of the financial services provider’s stock worth $18,153,000 after buying an additional 199,548 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Prudential Public by 14,270.3% in the 1st quarter. Assetmark Inc. now owns 251,049 shares of the financial services provider’s stock worth $7,137,000 after buying an additional 249,302 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Company Profile