Prudential (NYSE:PUK) Upgraded to “Strong-Buy” by Barclays

Barclays upgraded shares of Prudential (NYSE:PUK) to a strong-buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. StockNews.com raised shares of Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, BNP Paribas raised shares of Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th.

Prudential Stock Up 0.9 %

Prudential stock opened at $17.31 on Tuesday. The stock’s 50 day moving average is $17.30 and its 200 day moving average is $18.15. Prudential has a one year low of $15.77 and a one year high of $23.73.

Prudential Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be issued a $0.1368 dividend. The ex-dividend date of this dividend is Friday, September 6th.

Institutional Investors Weigh In On Prudential

Several hedge funds and other institutional investors have recently modified their holdings of PUK. EverSource Wealth Advisors LLC lifted its holdings in shares of Prudential by 45.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 699 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Prudential during the second quarter worth about $44,000. Blue Trust Inc. raised its holdings in shares of Prudential by 202.2% in the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,806 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Prudential by 98.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Prudential during the 1st quarter valued at about $75,000. Institutional investors own 1.90% of the company’s stock.

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.