Cetera Investment Advisers Invests $274,000 in Prudential Public Limited Company $PUK

Cetera Investment Advisers bought a new position in Prudential Public Limited Company (NYSE:PUK) during the first quarter, Holdings Channel reports. The fund bought 12,748 shares of the financial services provider’s stock, valued at approximately $274,000.

Other hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC increased its stake in Prudential Public by 70.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,140 shares in the last quarter. Cetera Trust Company N.A lifted its position in shares of Prudential Public by 60.8% in the 1st quarter. Cetera Trust Company N.A now owns 5,620 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 2,125 shares in the last quarter. GAMMA Investing LLC boosted its stake in Prudential Public by 182.6% in the 1st quarter. GAMMA Investing LLC now owns 6,508 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 4,205 shares during the period. Parallel Advisors LLC boosted its stake in Prudential Public by 28.8% in the 1st quarter. Parallel Advisors LLC now owns 7,162 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,602 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Prudential Public during the 1st quarter worth approximately $201,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Public Stock Performance

PUK opened at $26.6950 on Thursday. The stock has a 50-day moving average of $25.16 and a 200-day moving average of $22.12. Prudential Public Limited Company has a 52-week low of $14.39 and a 52-week high of $26.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $34.39 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.

Analysts Set New Price Targets

PUK has been the subject of several recent analyst reports. Wall Street Zen raised Prudential Public from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Barclays reiterated an “overweight” rating on shares of Prudential Public in a report on Thursday, May 22nd. Morgan Stanley restated an “overweight” rating on shares of Prudential Public in a report on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Prudential Public has an average rating of “Buy”.

About Prudential Public

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.