Truist Financial Corp Sells 7,294 Shares of Prudential plc (NYSE:PUK)

Truist Financial Corp lessened its position in Prudential plc (NYSE:PUK) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,725 shares of the financial services provider’s stock after selling 7,294 shares during the period. Truist Financial Corp’s holdings in Prudential were worth $1,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in 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 during the last quarter. Sei Investments Co. raised its position in Prudential by 8.9% during the 1st quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock worth $6,633,000 after purchasing an additional 28,124 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Prudential during the 1st quarter worth about $75,000. Goldman Sachs Group Inc. grew its position in shares of 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. Finally, Bank of Montreal Can increased its stake in shares of Prudential by 15.0% in the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after buying an additional 103,625 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Stock Down 1.2 %

NYSE PUK opened at $17.73 on Monday. The business has a 50 day simple moving average of $17.22 and a 200 day simple moving average of $18.19. Prudential plc has a one year low of $15.77 and a one year high of $23.73.

Prudential Cuts Dividend

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

Analysts Set New Price Targets

PUK has been the topic of several analyst reports. BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th.

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.