Prudential plc (NYSE:PUK) Stock Holdings Trimmed by Solel Partners LP

Solel Partners LP lessened its holdings in shares of Prudential plc (NYSE:PUK) by 21.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 266,592 shares of the financial services provider’s stock after selling 73,232 shares during the quarter. Prudential comprises approximately 0.8% of Solel Partners LP’s holdings, making the stock its 19th largest position. Solel Partners LP’s holdings in Prudential were worth $4,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PUK. Principal Securities Inc. acquired a new stake in Prudential in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Prudential by 45.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 699 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of Prudential in the second quarter valued at approximately $44,000. Russell Investments Group Ltd. boosted its holdings in shares of Prudential by 98.0% in the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Prudential by 202.2% during the second quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,806 shares during the period. Institutional investors own 1.90% of the company’s stock.

Analyst Ratings Changes

PUK has been the subject of a number of research reports. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a research note 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 Trading Up 2.3 %

NYSE:PUK opened at $17.18 on Tuesday. The stock has a fifty day simple moving average of $17.16 and a 200 day simple moving average of $18.36. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22. Prudential plc has a 1-year low of $15.77 and a 1-year high of $23.73. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23.

Prudential Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Stockholders 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. Prudential’s dividend payout ratio is 12.50%.

Prudential 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.