Prudential (NYSE:PUK) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Prudential (NYSE:PUK) from a sell rating to a hold rating in a research note released on Friday.

Separately, BNP Paribas upgraded Prudential from a neutral rating to an outperform rating in a research note on Wednesday, June 26th.

Prudential Trading Down 0.9 %

PUK stock opened at $18.30 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $19.03 and its two-hundred day simple moving average is $19.60. Prudential has a twelve month low of $17.12 and a twelve month high of $28.54.

Institutional Investors Weigh In On Prudential

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in Prudential by 202.2% in the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,806 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Prudential by 16.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 59,749 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 8,307 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Prudential in the second quarter worth about $44,000. Virtu Financial LLC acquired a new stake in Prudential in the first quarter worth about $492,000. Finally, Catalytic Wealth RIA LLC raised its stake in shares of Prudential by 36.0% in the first quarter. Catalytic Wealth RIA LLC now owns 24,447 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 6,471 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.