Bank of Montreal Can Trims Stock Position in Prudential plc (NYSE:PUK)

Bank of Montreal Can decreased its position in shares of Prudential plc (NYSE:PUK) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 585,938 shares of the financial services provider’s stock after selling 210,031 shares during the quarter. Bank of Montreal Can’s holdings in Prudential were worth $10,875,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new stake in shares of Prudential in the 3rd quarter valued at about $19,505,000. StoneX Group Inc. acquired a new stake in shares of Prudential in the third quarter valued at approximately $5,090,000. Natixis Advisors LLC grew its position in shares of Prudential by 35.9% during the second 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 during the last quarter. Marshall Wace LLP increased its holdings in shares of Prudential by 13.5% in 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 acquiring an additional 128,124 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Prudential by 8.5% in 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 purchasing an additional 72,093 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Barclays upgraded Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

Prudential Stock Performance

Shares of Prudential stock opened at $16.35 on Monday. Prudential plc has a one year low of $15.10 and a one year high of $22.93. The firm has a fifty day moving average of $17.07 and a two-hundred day moving average of $17.68.

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.