Blue Trust Inc. Trims Position in Prudential plc (NYSE:PUK)

Blue Trust Inc. reduced its position in Prudential plc (NYSE:PUK) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,793 shares of the financial services provider’s stock after selling 1,942 shares during the period. Blue Trust Inc.’s holdings in Prudential were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Prudential by 51.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock worth $131,000 after buying an additional 2,394 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Prudential by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,507 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Prudential in the 4th quarter valued at about $163,000. Finally, Jane Street Group LLC acquired a new position in shares of Prudential during the 3rd quarter valued at about $199,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd.

Prudential Stock Performance

Prudential stock opened at $16.81 on Friday. Prudential plc has a 12 month low of $14.39 and a 12 month high of $21.42. The stock’s 50-day moving average is $16.07 and its 200-day moving average is $16.72.

Prudential 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.