Advisors Preferred LLC Takes $31,000 Position in Prudential plc (NYSE:PUK)

Advisors Preferred LLC bought a new position in shares of Prudential plc (NYSE:PUK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,993 shares of the financial services provider’s stock, valued at approximately $31,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in 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 buying an additional 1,127 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Prudential by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares in the last quarter. Blue Trust Inc. boosted its holdings in Prudential by 260.7% during the third quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 7,036 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Prudential during the fourth quarter valued at approximately $163,000. Finally, Jane Street Group LLC acquired a new stake in Prudential during the third quarter valued at approximately $199,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Stock Down 1.3 %

NYSE:PUK opened at $16.60 on Friday. The stock’s fifty day moving average price is $16.08 and its two-hundred day moving average price is $16.70. Prudential plc has a 52-week low of $14.39 and a 52-week high of $21.42.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd.

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.