Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Prudential Public Limited Company (NYSE:PUK)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Prudential Public Limited Company (NYSE:PUK) by 25.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,148 shares of the financial services provider’s stock after selling 20,294 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Prudential Public were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PUK. US Bancorp DE raised its position in Prudential Public by 69.1% during the 4th quarter. US Bancorp DE now owns 15,588 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 6,368 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Prudential Public by 417.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,497 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Prudential Public by 62.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,918 shares of the financial services provider’s stock valued at $1,481,000 after buying an additional 35,811 shares during the period. Raymond James Financial Inc. bought a new position in shares of Prudential Public during the fourth quarter valued at approximately $1,355,000. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Prudential Public by 107.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 25,385 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 13,131 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Trading Down 0.8%

NYSE PUK opened at $25.01 on Tuesday. The firm has a market capitalization of $32.43 billion, a PE ratio of 10.78, a P/E/G ratio of 0.72 and a beta of 1.02. The stock’s 50 day moving average is $23.06 and its 200 day moving average is $19.73. Prudential Public Limited Company has a twelve month low of $14.39 and a twelve month high of $25.58. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PUK. Barclays reiterated an “overweight” rating on shares of Prudential Public in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised shares of Prudential Public from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Prudential Public from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Prudential Public in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Prudential Public Company 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.