Prudential (NYSE:PUK) Raised to Hold at StockNews.com

Prudential (NYSE:PUK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Barclays raised shares of Prudential to a “strong-buy” rating in a report on Tuesday, October 15th.

Prudential Price Performance

Shares of Prudential stock traded down $0.13 during trading hours on Wednesday, reaching $15.97. The company had a trading volume of 1,044,979 shares, compared to its average volume of 1,211,398. Prudential has a one year low of $14.39 and a one year high of $22.07. The business has a fifty day simple moving average of $15.97 and a 200 day simple moving average of $16.88.

Institutional Investors Weigh In On Prudential

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Prudential by 45.9% during the 2nd 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. Sei Investments Co. grew its position in Prudential by 0.3% during the second quarter. Sei Investments Co. now owns 345,143 shares of the financial services provider’s stock valued at $6,323,000 after acquiring an additional 921 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Prudential by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 935 shares in the last quarter. GAMMA Investing LLC raised its stake 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 acquiring an additional 1,127 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of Prudential by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider’s stock valued at $7,895,000 after purchasing an additional 1,995 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

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.