Today, Prudential PLC (PUK) Position Boosted by BB&T Corp

Today, Prudential PLC (PUK) Position Boosted by BB&T Corp
BB&T Corp increased its position in shares of Prudential PLC (NYSE:PUK) by 46.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,143 shares of the company’s stock after buying an additional 6,034 shares during the period. BB&T Corp’s holdings in Prudential PLC were worth $684,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in shares of Prudential PLC by 0.4% in the third quarter. Wells Fargo & Company MN now owns 1,714,362 shares of the company’s stock worth $61,220,000 after buying an additional 7,132 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Prudential PLC by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,064,693 shares of the company’s stock worth $36,210,000 after buying an additional 66,201 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Prudential PLC by 42.0% in the second quarter. Jane Street Group LLC now owns 845,136 shares of the company’s stock worth $28,743,000 after buying an additional 250,059 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Prudential PLC by 16.2% in the second quarter. Parametric Portfolio Associates LLC now owns 681,354 shares of the company’s stock worth $23,173,000 after buying an additional 95,024 shares during the last quarter. Finally, Capital Guardian Trust Co. increased its stake in shares of Prudential PLC by 0.7% in the second quarter. Capital Guardian Trust Co. now owns 578,490 shares of the company’s stock worth $19,674,000 after buying an additional 4,104 shares during the last quarter. 1.46% of the stock is currently owned by hedge funds and other institutional investors.

Prudential PLC (NYSE:PUK) opened at 38.71 on Friday. The firm’s 50-day moving average is $35.36 and its 200 day moving average is $35.96. The stock has a market cap of $49.70 billion, a P/E ratio of 21.77 and a beta of 1.67. Prudential PLC has a one year low of $29.14 and a one year high of $47.30.

PUK has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a report on Friday, October 14th. Societe Generale downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Bank of America Corp. set a $42.40 price objective on shares of Prudential PLC and gave the stock a “buy” rating in a report on Wednesday, August 10th. Deutsche Bank AG raised shares of Prudential PLC from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Prudential PLC in a report on Tuesday, September 6th. Three equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. Prudential PLC presently has a consensus rating of “Hold” and a consensus price target of $44.63.

Prudential PLC Company Profile

Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.

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