BNP Paribas Financial Markets Lowers Stock Holdings in Prudential plc (NYSE:PUK)

BNP Paribas Financial Markets cut its stake in shares of Prudential plc (NYSE:PUK) by 41.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,527 shares of the financial services provider’s stock after selling 27,096 shares during the quarter. BNP Paribas Financial Markets’ holdings in Prudential were worth $714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PUK. Mediolanum International Funds Ltd purchased a new stake in Prudential during the third quarter worth $19,505,000. StoneX Group Inc. purchased a new stake in shares of Prudential during the 3rd quarter worth $5,090,000. Natixis Advisors LLC boosted its position in Prudential by 35.9% during the second quarter. Natixis Advisors LLC now owns 593,789 shares of the financial services provider’s stock valued at $10,878,000 after purchasing an additional 156,708 shares in the last quarter. Marshall Wace LLP boosted its position in Prudential by 13.5% during the second quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 128,124 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Prudential by 15.0% in the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after purchasing an additional 103,625 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

Prudential Stock Performance

Shares of PUK stock opened at $16.71 on Friday. Prudential plc has a fifty-two week low of $15.10 and a fifty-two week high of $22.93. The stock’s fifty day moving average is $16.86 and its two-hundred day moving average is $17.50.

Analyst Ratings Changes

Several research firms have recently issued reports on PUK. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.

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.