ABC Arbitrage SA Acquires Shares of 1,016,758 Prudential plc (NYSE:PUK)

ABC Arbitrage SA bought a new stake in shares of Prudential plc (NYSE:PUK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,016,758 shares of the financial services provider’s stock, valued at approximately $16,207,000. Prudential makes up approximately 2.3% of ABC Arbitrage SA’s holdings, making the stock its 11th biggest holding. ABC Arbitrage SA owned 0.08% of Prudential at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in Prudential in the 4th quarter worth approximately $31,000. GAMMA Investing LLC increased 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 purchasing an additional 1,127 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Prudential by 51.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares in the last quarter. Ballentine Partners LLC acquired a new position in Prudential during the fourth quarter worth $163,000. Finally, Blue Trust Inc. grew its position in Prudential by 260.7% in the third quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 7,036 shares during the period. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Stock Performance

Shares of PUK opened at $18.30 on Friday. Prudential plc has a twelve month low of $14.39 and a twelve month high of $21.42. The firm’s 50-day moving average is $16.17 and its two-hundred day moving average is $16.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.

About Prudential

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.