Prudential plc (NYSE:PUK) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in Prudential plc (NYSE:PUK) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 585,938 shares of the financial services provider’s stock after selling 210,031 shares during the quarter. Bank of Montreal Can’s holdings in Prudential were worth $10,875,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in Prudential by 98.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,342 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Prudential in the second quarter valued at $44,000. Wealth Enhancement Advisory Services LLC grew its stake in Prudential by 16.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 59,749 shares of the financial services provider’s stock worth $1,095,000 after purchasing an additional 8,307 shares in the last quarter. Blue Trust Inc. grew its stake in 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 purchasing an additional 1,806 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in Prudential by 32.1% during the 2nd quarter. AMG National Trust Bank now owns 151,177 shares of the financial services provider’s stock worth $2,770,000 after purchasing an additional 36,747 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Stock Up 0.1 %

NYSE:PUK opened at $16.35 on Monday. Prudential plc has a 1 year low of $15.10 and a 1 year high of $22.93. The stock has a 50-day simple moving average of $17.07 and a 200-day simple moving average of $17.68.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PUK. Barclays raised Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a research report on Monday, November 25th.

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.