Prudential (NYSE:PUK) Upgraded by StockNews.com to Hold Rating

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

Separately, Barclays upgraded shares of Prudential to a “strong-buy” rating in a report on Tuesday, October 15th.

Prudential Trading Up 1.4 %

Shares of PUK stock opened at $16.33 on Wednesday. The firm has a 50-day moving average of $15.98 and a 200-day moving average of $16.87. Prudential has a one year low of $14.39 and a one year high of $22.07.

Institutional Trading of Prudential

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after buying an additional 699 shares during the period. GAMMA Investing LLC grew its position in Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,127 shares during the period. Allspring Global Investments Holdings LLC grew its position in Prudential by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after buying an additional 2,394 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Prudential by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after buying an additional 2,507 shares during the period. Finally, Blue Trust Inc. grew its position in Prudential by 260.7% during the third quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock valued at $178,000 after buying an additional 7,036 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About Prudential

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.