Prudential (NYSE:PUK) Raised 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 Wednesday morning.

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

Prudential Stock Performance

PUK stock opened at $16.76 on Wednesday. The company has a fifty day moving average price of $18.53 and a 200-day moving average price of $19.37. Prudential has a 52-week low of $16.57 and a 52-week high of $26.94. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Prudential

Large investors have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Prudential by 8.9% during the first quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock worth $6,633,000 after buying an additional 28,124 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Prudential during the first quarter worth $75,000. BNP Paribas Financial Markets increased its position in shares of 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 during the period. Goldman Sachs Group Inc. increased its position in shares of 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 during the period. Finally, Optiver Holding B.V. acquired a new stake in shares of Prudential during the fourth quarter worth $5,108,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.