Prudential (NYSE:PUK) Upgraded to “Hold” at StockNews.com

Prudential (NYSE:PUK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Separately, BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th.

Prudential Stock Up 2.6 %

PUK opened at $18.69 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. Prudential has a 12 month low of $17.12 and a 12 month high of $28.59. The firm’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $19.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PUK. Glassman Wealth Services increased its stake in Prudential by 135.7% in the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock valued at $27,000 after buying an additional 681 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Prudential in the 4th quarter valued at about $28,000. Russell Investments Group Ltd. increased its position in shares of Prudential by 369.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,078 shares during the last quarter. National Bank of Canada FI raised its holdings in Prudential by 198.0% during the fourth quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Prudential during the first quarter valued at approximately $75,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

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.