Prudential plc (NYSE:PUK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Prudential plc (NYSE:PUK) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,990 shares of the financial services provider’s stock after selling 15,450 shares during the period. Bank of New York Mellon Corp’s holdings in Prudential were worth $908,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in Prudential during the 4th quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in shares of Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,127 shares during the period. Ballentine Partners LLC acquired a new position in shares of Prudential in the 4th quarter valued at $163,000. Jane Street Group LLC purchased a new position in Prudential in the 3rd quarter worth $199,000. Finally, Entropy Technologies LP acquired a new stake in Prudential during the 4th quarter worth about $188,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Saturday.

Prudential Trading Up 0.9 %

PUK opened at $21.44 on Wednesday. Prudential plc has a 12-month low of $14.39 and a 12-month high of $21.53. The firm has a 50 day moving average of $18.00 and a two-hundred day moving average of $17.12. The firm has a market capitalization of $28.21 billion, a PE ratio of 9.24, a P/E/G ratio of 0.41 and a beta of 1.21.

Prudential Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 28th will be issued a dividend of $0.3258 per share. The ex-dividend date is Friday, March 28th. This is a boost from Prudential’s previous dividend of $0.24. Prudential’s dividend payout ratio (DPR) is 28.02%.

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.