Oppenheimer Asset Management Inc. Sells 41,444 Shares of Prudential plc (NYSE:PUK)

Oppenheimer Asset Management Inc. decreased its stake in shares of Prudential plc (NYSE:PUK) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,154 shares of the financial services provider’s stock after selling 41,444 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Prudential were worth $1,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ABC Arbitrage SA bought a new position in Prudential during the fourth quarter valued at $16,207,000. Natixis Advisors LLC lifted its position in Prudential by 5.0% during the third quarter. Natixis Advisors LLC now owns 623,461 shares of the financial services provider’s stock valued at $11,559,000 after purchasing an additional 29,672 shares during the last quarter. Pathstone Holdings LLC lifted its position in Prudential by 0.5% during the third 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 during the last quarter. JPMorgan Chase & Co. lifted its position in Prudential by 353.1% during 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. Finally, StoneX Group Inc. bought a new position in Prudential during the third quarter valued at $5,090,000. Institutional investors own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Prudential Trading Up 1.0 %

Shares of PUK opened at $18.58 on Tuesday. Prudential plc has a twelve month low of $14.39 and a twelve month high of $21.27. The company has a market cap of $24.50 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.41 and a beta of 1.20. The company’s fifty day simple moving average is $16.61 and its 200-day simple moving average is $16.82.

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.