Prudential plc (NYSE:PUK – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $17.05, but opened at $18.20. Prudential shares last traded at $18.15, with a volume of 614,856 shares.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.
Check Out Our Latest Analysis on Prudential
Prudential Stock Up 1.0 %
Hedge Funds Weigh In On Prudential
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Prudential by 353.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock worth $5,436,000 after purchasing an additional 228,499 shares during the period. GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,127 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Prudential during the third quarter valued at approximately $1,281,000. Crossmark Global Holdings Inc. raised its holdings in shares of Prudential by 47.6% during the third quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 35,668 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Prudential during the third quarter valued at approximately $556,000. Institutional investors and hedge funds 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.
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