Prudential plc (NYSE:PUK) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in shares of Prudential plc (NYSE:PUK) by 45.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the financial services provider’s stock after acquiring an additional 699 shares during the period. EverSource Wealth Advisors LLC’s holdings in Prudential were worth $40,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PUK. Allspring Global Investments Holdings LLC lifted its position in shares of Prudential by 19.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 760 shares during the last quarter. Sei Investments Co. boosted its position in shares of Prudential by 0.3% during the 2nd quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock worth $6,323,000 after acquiring an additional 921 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,342 shares in the last quarter. Covenant Partners LLC increased its holdings in shares of Prudential by 5.9% in the 4th quarter. Covenant Partners LLC now owns 27,498 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Prudential by 202.2% during 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 in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Stock Performance

Shares of NYSE:PUK opened at $18.56 on Friday. Prudential plc has a 1-year low of $15.77 and a 1-year high of $23.73. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $17.10 and a 200 day moving average price of $18.30.

Prudential Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th will be paid a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th.

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.