Barclays PLC Takes Position in Prudential plc (NYSE:PUK)

Barclays PLC bought a new stake in shares of Prudential plc (NYSE:PUK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the financial services provider’s stock, valued at approximately $556,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Prudential by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider’s stock worth $13,960,000 after purchasing an additional 4,082 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $85,000 after buying an additional 760 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Prudential during the second quarter valued at about $190,000. Natixis Advisors LLC lifted its position in Prudential by 35.9% in 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 during the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Prudential in the second quarter valued at about $221,000. Institutional investors own 1.90% of the company’s stock.

Prudential Trading Down 1.5 %

NYSE:PUK opened at $15.70 on Friday. The stock has a 50-day moving average price of $16.32 and a 200 day moving average price of $17.18. The stock has a market capitalization of $20.88 billion, a P/E ratio of 7.77, a P/E/G ratio of 0.46 and a beta of 1.21. Prudential plc has a 12-month low of $15.10 and a 12-month high of $22.07.

Wall Street Analysts Forecast Growth

PUK has been the topic of a number of research analyst reports. Barclays upgraded Prudential to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com lowered shares of Prudential from a “hold” rating to a “sell” rating in a research report on Monday, November 25th.

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.