Prudential (NYSE:PUK) Sees Strong Trading Volume

Prudential plc (NYSE:PUK) shares saw unusually-strong trading volume on Monday . Approximately 2,763,449 shares were traded during mid-day trading, an increase of 220% from the previous session’s volume of 863,996 shares.The stock last traded at $16.44 and had previously closed at $16.48.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, BNP Paribas upgraded shares of Prudential from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th.

Prudential Stock Performance

The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $17.27 and its two-hundred day simple moving average is $18.43.

Prudential Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be issued a dividend of $0.1368 per share. The ex-dividend date of this dividend is Friday, September 6th.

Institutional Investors Weigh In On Prudential

A number of institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Prudential in the 2nd quarter valued at $678,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Prudential by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,507 shares during the period. Creative Planning lifted its position in shares of Prudential by 96.8% during the 2nd quarter. Creative Planning now owns 70,751 shares of the financial services provider’s stock valued at $1,296,000 after acquiring an additional 34,799 shares during the period. AQR Capital Management LLC acquired a new position in shares of Prudential during the 2nd quarter valued at $364,000. Finally, Marshall Wace LLP lifted its position in shares of Prudential by 13.5% during the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after acquiring an additional 128,124 shares during the period. 1.90% of the stock is owned by institutional investors.

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.