Prudential plc (NYSE:PUK) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC boosted its position in shares of Prudential plc (NYSE:PUK) by 32.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,924 shares of the financial services provider’s stock after buying an additional 7,892 shares during the quarter. Gradient Investments LLC’s holdings in Prudential were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PUK. Mediolanum International Funds Ltd bought a new stake in Prudential during the third quarter worth approximately $19,505,000. StoneX Group Inc. bought a new stake in shares of Prudential during the 3rd quarter worth $5,090,000. JPMorgan Chase & Co. grew its holdings in shares of Prudential by 353.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock worth $5,436,000 after acquiring an additional 228,499 shares during the last quarter. Marshall Wace LLP raised its position in shares of Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock worth $19,723,000 after purchasing an additional 128,124 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Prudential by 15.0% during the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock worth $15,418,000 after purchasing an additional 103,625 shares during the period. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Stock Up 1.4 %

Shares of Prudential stock opened at $16.33 on Friday. Prudential plc has a 12 month low of $14.39 and a 12 month high of $22.07. The business has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $16.85.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

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.