Assetmark Inc. Sells 6,071 Shares of Prudential plc (NYSE:PUK)

Assetmark Inc. reduced its holdings in shares of Prudential plc (NYSE:PUK) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,042 shares of the financial services provider’s stock after selling 6,071 shares during the period. Assetmark Inc.’s holdings in Prudential were worth $779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP lifted its position in Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after buying an additional 128,124 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Prudential during the 3rd quarter valued at approximately $19,505,000. Envestnet Asset Management Inc. grew its stake in shares of Prudential by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock valued at $16,829,000 after acquiring an additional 72,093 shares during the period. Bank of Montreal Can grew its stake in shares of Prudential by 15.0% during the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after acquiring an additional 103,625 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Prudential by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider’s stock worth $13,960,000 after purchasing an additional 4,082 shares in the last quarter. Institutional investors own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PUK has been the topic of several recent research reports. Barclays raised Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut 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 Stock Up 1.8 %

Shares of NYSE PUK opened at $16.13 on Friday. Prudential plc has a twelve month low of $15.10 and a twelve month high of $23.73. The stock has a fifty day simple moving average of $17.16 and a 200-day simple moving average of $17.94.

Prudential Cuts Dividend

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

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.