Two Sigma Investments LP acquired a new stake in Prudential Public Limited (NYSE:PUK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 84,946 shares of the financial services provider’s stock, valued at approximately $3,005,000.
Several other institutional investors and hedge funds also recently made changes to their positions in PUK. We Are One Seven LLC purchased a new stake in Prudential Public during the fourth quarter worth approximately $37,000. Whittier Trust Co. lifted its stake in Prudential Public by 68.7% during the fourth quarter. Whittier Trust Co. now owns 1,044 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 425 shares during the last quarter. CNB Bank purchased a new stake in Prudential Public during the fourth quarter worth approximately $39,000. Moody National Bank Trust Division purchased a new stake in Prudential Public during the fourth quarter worth approximately $43,000. Finally, Lindbrook Capital LLC purchased a new stake in Prudential Public during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 1.65% of the company’s stock.
PUK has been the subject of several recent analyst reports. Zacks Investment Research upgraded Prudential Public from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine cut Prudential Public from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Societe Generale cut Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Evercore ISI raised Prudential Public from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Prudential Public in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Prudential Public presently has a consensus rating of “Hold”.
The company also recently declared a semiannual dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, March 29th will be given a dividend of $0.8937 per share. This is a positive change from Prudential Public’s previous semiannual dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 4.22%. Prudential Public’s payout ratio is 36.23%.
About Prudential Public
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.
See Also: Dividend
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