JPMorgan Chase & Co. Buys 228,499 Shares of Prudential plc (NYSE:PUK)

JPMorgan Chase & Co. lifted its stake in shares of Prudential plc (NYSE:PUK) by 353.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,210 shares of the financial services provider’s stock after purchasing an additional 228,499 shares during the quarter. JPMorgan Chase & Co.’s holdings in Prudential were worth $5,436,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC bought a new position in Prudential in the third quarter worth approximately $556,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Prudential during the third quarter worth approximately $1,826,000. XTX Topco Ltd raised its position in shares of Prudential by 17.4% during the third quarter. XTX Topco Ltd now owns 45,304 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 6,725 shares during the period. Jane Street Group LLC bought a new position in shares of Prudential in the 3rd quarter worth $199,000. Finally, Kovitz Investment Group Partners LLC grew its position in Prudential by 10.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,681 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 3,380 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Prudential Stock Performance

PUK stock opened at $15.29 on Friday. The stock’s 50 day moving average is $16.03 and its 200-day moving average is $16.96. Prudential plc has a twelve month low of $14.39 and a twelve month high of $22.07.

Wall Street Analyst Weigh In

PUK has been the topic of several research reports. 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 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.