Naviter Wealth LLC Buys 10,335 Shares of Prudential plc (NYSE:PUK)

Naviter Wealth LLC increased its stake in shares of Prudential plc (NYSE:PUK) by 51.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,459 shares of the financial services provider’s stock after buying an additional 10,335 shares during the quarter. Naviter Wealth LLC’s holdings in Prudential were worth $587,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in Prudential by 2.8% during the third quarter. Royal Bank of Canada now owns 2,104,380 shares of the financial services provider’s stock worth $46,129,000 after buying an additional 58,097 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Prudential by 398.5% during the fourth quarter. BNP Paribas Financial Markets now owns 34,123 shares of the financial services provider’s stock worth $766,000 after buying an additional 27,278 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Prudential by 15.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock worth $45,159,000 after buying an additional 274,674 shares in the last quarter. 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 worth $3,074,000 after buying an additional 122,216 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Prudential by 11.2% during the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock worth $29,194,000 after buying an additional 134,347 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Stock Performance

PUK stock traded down $0.02 during midday trading on Tuesday, hitting $18.21. The company’s stock had a trading volume of 851,991 shares, compared to its average volume of 842,426. The stock’s 50-day moving average price is $19.07 and its 200 day moving average price is $19.94. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. Prudential plc has a 1 year low of $17.12 and a 1 year high of $28.59. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.41 and a beta of 1.28.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PUK shares. StockNews.com downgraded Prudential from a “hold” rating to a “sell” rating in a report on Tuesday, June 25th. BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th.

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.