Sanctuary Advisors LLC Buys Shares of 37,020 Prudential plc (NYSE:PUK)

Sanctuary Advisors LLC purchased a new position in shares of Prudential plc (NYSE:PUK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,020 shares of the financial services provider’s stock, valued at approximately $678,000.

Several other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Prudential during the second quarter worth about $44,000. Russell Investments Group Ltd. lifted its holdings in shares of Prudential by 98.0% in the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,342 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Prudential by 202.2% during the 2nd quarter. Blue Trust Inc. now owns 2,699 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Prudential during the 1st quarter worth approximately $75,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Stock Performance

PUK stock opened at $17.73 on Monday. Prudential plc has a 52 week low of $15.77 and a 52 week high of $23.73. The business has a fifty day simple moving average of $17.22 and a 200-day simple moving average of $18.19.

Prudential Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th will be paid a $0.1368 dividend. The ex-dividend date of this dividend is Friday, September 6th.

Wall Street Analysts Forecast Growth

PUK has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. BNP Paribas raised Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Finally, StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th.

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.