Raymond James Trust N.A. Acquires 989 Shares of Prudential Public Limited (NYSE:PUK)

Raymond James Trust N.A. grew its holdings in shares of Prudential Public Limited (NYSE:PUK) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,818 shares of the financial services provider’s stock after purchasing an additional 989 shares during the quarter. Raymond James Trust N.A.’s holdings in Prudential Public were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PUK. Bank of New York Mellon Corp raised its holdings in shares of Prudential Public by 375.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 531,221 shares of the financial services provider’s stock valued at $24,377,000 after purchasing an additional 419,508 shares in the last quarter. Credit Suisse AG increased its stake in Prudential Public by 33.6% in the third quarter. Credit Suisse AG now owns 37,800 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 9,500 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Prudential Public by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 718,657 shares of the financial services provider’s stock valued at $32,979,000 after purchasing an additional 8,481 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Prudential Public by 14.9% in the third quarter. LPL Financial LLC now owns 12,460 shares of the financial services provider’s stock valued at $572,000 after buying an additional 1,614 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Prudential Public by 21.4% during the third quarter. Deutsche Bank AG now owns 257,896 shares of the financial services provider’s stock worth $11,834,000 after purchasing an additional 45,374 shares during the last quarter. Institutional investors and hedge funds own 1.65% of the company’s stock.

PUK traded up $0.23 during midday trading on Friday, hitting $42.71. The stock had a trading volume of 450,228 shares, compared to its average volume of 233,758. Prudential Public Limited has a 1 year low of $33.31 and a 1 year high of $52.65. The firm has a market cap of $55.38 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.04 and a quick ratio of 0.04.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, March 29th will be issued a $0.8937 dividend. This is an increase 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 dividend payout ratio is 36.23%.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Prudential Public from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Royal Bank of Canada reiterated a “neutral” rating on shares of Prudential Public in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.

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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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