Oppenheimer Asset Management Inc. Trims Position in Prudential plc (NYSE:PUK)

Oppenheimer Asset Management Inc. lessened its stake in Prudential plc (NYSE:PUK) by 27.3% during the 4th quarter, HoldingsChannel reports. The institutional investor 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.

Several other institutional investors also recently added to or reduced their stakes in PUK. Whipplewood Advisors LLC purchased a new position in Prudential in the 4th quarter worth about $30,000. Advisors Preferred LLC purchased a new position in Prudential in the 4th quarter worth about $31,000. GAMMA Investing LLC increased its stake in Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,127 shares during the period. Allspring Global Investments Holdings LLC increased its stake 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 worth $131,000 after buying an additional 2,394 shares during the period. Finally, Ballentine Partners LLC purchased a new position in Prudential in the 4th quarter worth about $163,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Stock Performance

NYSE:PUK opened at $18.58 on Tuesday. Prudential plc has a one year low of $14.39 and a one year high of $21.27. The firm 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 firm has a 50-day simple moving average of $16.61 and a 200-day simple moving average of $16.82.

Analyst Ratings Changes

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

Prudential 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.