Prudential plc (NYSE:PUK) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in shares of Prudential plc (NYSE:PUK) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,042 shares of the financial services provider’s stock after selling 6,071 shares during the quarter. Assetmark Inc.’s holdings in Prudential were worth $779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its stake in Prudential by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,342 shares during the period. Sei Investments Co. boosted its holdings in Prudential by 8.9% during the first quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock valued at $6,633,000 after acquiring an additional 28,124 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Prudential during the first quarter valued at about $75,000. Bank of Montreal Can boosted its holdings in Prudential by 15.0% during the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after acquiring an additional 103,625 shares during the period. Finally, Creative Planning raised its position in shares of Prudential by 96.8% during the second quarter. Creative Planning now owns 70,751 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 34,799 shares during the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Trading Up 1.8 %

PUK stock opened at $16.13 on Friday. The company has a 50 day simple moving average of $17.16 and a 200 day simple moving average of $17.94. Prudential plc has a 1 year low of $15.10 and a 1 year high of $23.73.

Prudential Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were paid a $0.1368 dividend. The ex-dividend date of this dividend was Friday, September 6th.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays raised shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

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.