Choreo LLC Takes Position in Prudential plc (NYSE:PUK)

Choreo LLC bought a new stake in Prudential plc (NYSE:PUK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,502 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other institutional investors also recently modified their holdings of the business. Principal Securities Inc. purchased a new position in Prudential in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. lifted its stake in Prudential by 369.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,078 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in Prudential in the second quarter valued at approximately $44,000. Blue Trust Inc. lifted its stake in Prudential by 202.2% in the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Prudential in the first quarter valued at approximately $75,000. 1.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on PUK. BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft downgraded Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th.

Prudential Trading Up 3.6 %

NYSE:PUK opened at $17.41 on Friday. The company has a market cap of $23.94 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.46 and a beta of 1.22. The stock’s fifty day moving average price is $17.23 and its two-hundred day moving average price is $18.42. Prudential plc has a 1 year low of $15.77 and a 1 year high of $23.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.04 and a quick ratio of 0.03.

Prudential Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be given a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th. Prudential’s dividend payout ratio is currently 12.50%.

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.