HighTower Advisors LLC Acquires 20,180 Shares of Prudential plc (NYSE:PUK)

HighTower Advisors LLC boosted its holdings in shares of Prudential plc (NYSE:PUK) by 98.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,722 shares of the financial services provider’s stock after purchasing an additional 20,180 shares during the quarter. HighTower Advisors LLC’s holdings in Prudential were worth $758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after buying an additional 699 shares in the last quarter. Blue Trust Inc. increased its position 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 purchasing an additional 1,806 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Prudential by 19.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,663 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 760 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Prudential by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,507 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Prudential during the second quarter worth $190,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Price Performance

Shares of NYSE:PUK opened at $15.60 on Thursday. The business’s fifty day moving average price is $16.64 and its two-hundred day moving average price is $17.39. Prudential plc has a fifty-two week low of $15.10 and a fifty-two week high of $22.52. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.46 and a beta of 1.21.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of Prudential from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

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.