Prudential (NYSE:PUK) Downgraded by StockNews.com

StockNews.com lowered shares of Prudential (NYSE:PUK) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Prudential Price Performance

NYSE:PUK opened at $18.47 on Tuesday. Prudential has a 52 week low of $17.12 and a 52 week high of $28.59. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $19.06 and its 200-day moving average is $20.04.

Institutional Trading of Prudential

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Prudential by 2.8% during the 3rd 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. Goldman Sachs Group Inc. increased its stake in Prudential by 15.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock valued at $45,159,000 after buying an additional 274,674 shares during the last quarter. Northern Trust Corp lifted its position in shares of 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 buying an additional 134,347 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Prudential by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 913,220 shares of the financial services provider’s stock worth $20,499,000 after purchasing an additional 128,949 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 worth $15,989,000 after buying an additional 174,838 shares during the last quarter. 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.