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

StockNews.com upgraded shares of Prudential (NYSE:PUK) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

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

Prudential Stock Performance

Shares of PUK opened at $15.97 on Wednesday. The business has a fifty day moving average of $15.97 and a 200 day moving average of $16.88. Prudential has a 52-week low of $14.39 and a 52-week high of $22.07.

Hedge Funds Weigh In On Prudential

A number of large investors have recently bought and sold shares of PUK. Gradient Investments LLC lifted its position in shares of Prudential by 32.8% during the fourth quarter. Gradient Investments LLC now owns 31,924 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 7,892 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Prudential by 0.8% in the 4th 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. Ballentine Partners LLC bought a new position in Prudential in the 4th quarter worth about $163,000. GAMMA Investing LLC increased its position 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 during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 228,499 shares in the last quarter. Hedge funds and other institutional investors 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.