First Trust Direct Indexing L.P. Sells 955 Shares of Prudential plc (NYSE:PUK)

First Trust Direct Indexing L.P. decreased its holdings in shares of Prudential plc (NYSE:PUK) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,979 shares of the financial services provider’s stock after selling 955 shares during the period. First Trust Direct Indexing L.P.’s holdings in Prudential were worth $538,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PUK. Causeway Capital Management LLC increased its holdings in Prudential by 42.1% in the third quarter. Causeway Capital Management LLC now owns 1,328,428 shares of the financial services provider’s stock valued at $29,119,000 after purchasing an additional 393,374 shares during the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Prudential in the 3rd quarter valued at about $4,740,000. Envestnet Asset Management Inc. raised its position in shares of Prudential by 31.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock valued at $15,989,000 after acquiring an additional 174,838 shares during the period. Northern Trust Corp boosted its stake in Prudential by 11.2% during the 3rd quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock worth $29,194,000 after acquiring an additional 134,347 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Prudential by 677.7% during the third quarter. Qube Research & Technologies Ltd now owns 140,250 shares of the financial services provider’s stock valued at $3,074,000 after purchasing an additional 122,216 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Price Performance

PUK opened at $19.00 on Monday. Prudential plc has a twelve month low of $17.12 and a twelve month high of $30.58. 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 firm’s fifty day moving average is $19.12 and its two-hundred day moving average is $20.73.

Prudential Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be issued a dividend of $0.2842 per share. The ex-dividend date is Monday, April 1st. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24.

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.