Prudential (NYSE:PUK) Downgraded by StockNews.com

StockNews.com cut shares of Prudential (NYSE:PUK) from a hold rating to a sell rating in a report issued on Tuesday morning.

Prudential Trading Down 2.9 %

PUK stock opened at $18.47 on Tuesday. Prudential has a 12-month low of $17.12 and a 12-month high of $28.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.03 and a current ratio of 0.03. The company’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $20.04.

Institutional Investors Weigh In On Prudential

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Prudential by 15.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider’s stock valued at $45,159,000 after acquiring an additional 274,674 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Prudential in the 4th quarter valued at $5,108,000. Ramirez Asset Management Inc. bought a new stake in Prudential during the 3rd quarter valued at $4,740,000. Envestnet Asset Management Inc. raised its holdings in Prudential by 31.5% during the third quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock worth $15,989,000 after buying an additional 174,838 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Prudential by 11.2% in the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock valued at $29,194,000 after buying an additional 134,347 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.