Prudential (NYSE:PUK) Shares Gap Up – Still a Buy?

Shares of Prudential plc (NYSE:PUK) gapped up before the market opened on Friday . The stock had previously closed at $15.28, but opened at $15.87. Prudential shares last traded at $15.95, with a volume of 120,569 shares.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com lowered Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

Prudential Stock Up 4.0 %

The business has a 50 day moving average of $16.03 and a 200-day moving average of $16.96.

Institutional Trading of Prudential

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in shares of Prudential during the third quarter worth $19,505,000. StoneX Group Inc. acquired a new stake in Prudential in the third quarter valued at approximately $5,090,000. JPMorgan Chase & Co. boosted its holdings in 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. Marshall Wace LLP grew its stake in Prudential by 13.5% during the 2nd quarter. Marshall Wace LLP now owns 1,076,579 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 128,124 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Prudential by 15.0% during the 2nd quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock worth $15,418,000 after purchasing an additional 103,625 shares during the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

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.