Prudential plc (NYSE:PUK – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $17.05, but opened at $18.20. Prudential shares last traded at $18.15, with a volume of 614,856 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd.
View Our Latest Research Report on PUK
Prudential Price Performance
Institutional Investors Weigh In On Prudential
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Prudential by 353.1% in the third quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock valued at $5,436,000 after purchasing an additional 228,499 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Prudential by 95.8% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Prudential in the third quarter valued at approximately $1,281,000. Crossmark Global Holdings Inc. increased its holdings in shares of Prudential by 47.6% in the third quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 35,668 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Prudential in the third quarter valued at approximately $556,000. Institutional investors and hedge funds own 1.90% of the company’s stock.
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.
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