MQS Management LLC Invests $257,000 in Prudential plc (NYSE:PUK)

MQS Management LLC purchased a new position in Prudential plc (NYSE:PUK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,888 shares of the financial services provider’s stock, valued at approximately $257,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Catalytic Wealth RIA LLC boosted its stake in Prudential by 11.8% in the third quarter. Catalytic Wealth RIA LLC now owns 36,632 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 3,870 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Prudential by 47.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 35,668 shares during the period. Mediolanum International Funds Ltd purchased a new position in Prudential in the third quarter valued at approximately $19,505,000. Allspring Global Investments Holdings LLC grew its holdings in Prudential by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares during the period. Finally, Raymond James & Associates increased its position in Prudential by 2.6% in the third quarter. Raymond James & Associates now owns 235,720 shares of the financial services provider’s stock worth $4,370,000 after buying an additional 6,041 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Trading Up 2.1 %

Shares of NYSE PUK opened at $15.85 on Friday. The stock has a fifty day moving average of $17.18 and a 200-day moving average of $17.96. Prudential plc has a fifty-two week low of $15.10 and a fifty-two week high of $23.73.

Prudential Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th were issued a dividend of $0.1368 per share. The ex-dividend date was Friday, September 6th.

Wall Street Analysts Forecast Growth

PUK has been the subject of several research reports. StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

Prudential 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.