Bank of New York Mellon Corp Has $16.51 Million Position in Prudential Public Limited (PUK)

Bank of New York Mellon Corp trimmed its holdings in shares of Prudential Public Limited (NYSE:PUK) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,677 shares of the financial services provider’s stock after selling 64,544 shares during the period. Bank of New York Mellon Corp’s holdings in Prudential Public were worth $16,506,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PUK. Whittier Trust Co. raised its position in shares of Prudential Public by 68.7% during the 4th quarter. Whittier Trust Co. now owns 1,044 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 425 shares during the period. We Are One Seven LLC bought a new stake in shares of Prudential Public during the 4th quarter valued at $37,000. CNB Bank bought a new stake in shares of Prudential Public during the 4th quarter valued at $39,000. Moody National Bank Trust Division bought a new stake in shares of Prudential Public during the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC bought a new stake in shares of Prudential Public during the 4th quarter valued at $68,000. 1.65% of the stock is owned by hedge funds and other institutional investors.

PUK has been the topic of a number of research reports. Royal Bank of Canada reiterated a “neutral” rating on shares of Prudential Public in a report on Wednesday, March 13th. Zacks Investment Research cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. ValuEngine cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Societe Generale cut shares of Prudential Public from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Finally, Evercore ISI raised shares of Prudential Public from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold”.

Shares of NYSE:PUK traded down $0.76 during trading hours on Wednesday, hitting $45.47. The company’s stock had a trading volume of 396,709 shares, compared to its average volume of 310,458. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $59.97 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.25 and a beta of 1.33. Prudential Public Limited has a 52 week low of $33.31 and a 52 week high of $52.77.

The business also recently announced 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 represents a yield of 4.22%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Prudential Public’s previous semiannual dividend of $0.16. Prudential Public’s payout ratio is currently 36.23%.

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

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