Signaturefd LLC Lowers Position in Prudential plc (NYSE:PUK)

Signaturefd LLC trimmed its stake in shares of Prudential plc (NYSE:PUK) by 47.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,461 shares of the financial services provider’s stock after selling 9,398 shares during the period. Signaturefd LLC’s holdings in Prudential were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Marshall Wace LLP boosted its holdings in shares of Prudential by 13.5% during the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 128,124 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Prudential by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 918,639 shares of the financial services provider’s stock valued at $16,829,000 after buying an additional 72,093 shares in the last quarter. Bank of Montreal Can grew its holdings in Prudential by 15.0% during the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after buying an additional 103,625 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Prudential by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 762,032 shares of the financial services provider’s stock worth $13,960,000 after acquiring an additional 4,082 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Prudential by 35.9% during the 2nd quarter. Natixis Advisors LLC now owns 593,789 shares of the financial services provider’s stock worth $10,878,000 after acquiring an additional 156,708 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Prudential Stock Down 2.0 %

NYSE PUK opened at $16.65 on Monday. Prudential plc has a 52 week low of $15.77 and a 52 week high of $23.73. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.47 and a beta of 1.22. The company has a fifty day moving average of $17.37 and a two-hundred day moving average of $18.09.

Prudential Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Investors of record on Friday, September 6th were issued a dividend of $0.1368 per share. The ex-dividend date was Friday, September 6th. Prudential’s payout ratio is 12.92%.

Analyst Ratings Changes

PUK has been the subject of several research reports. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut shares of Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a research 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.