Zacks Investment Research downgraded shares of Prudential Public (NYSE:PUK) from a hold rating to a sell rating in a research report released on Saturday, Zacks.com reports.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

A number of other equities research analysts have also issued reports on the stock. Citigroup upgraded shares of Neste Oyj from a neutral rating to a buy rating in a research note on Monday, June 10th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold.

Shares of Prudential Public stock traded up $0.13 during trading on Friday, reaching $42.48. The company had a trading volume of 118,246 shares, compared to its average volume of 145,685. The firm has a market capitalization of $55.22 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.42. The firm’s fifty day simple moving average is $43.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.04 and a current ratio of 0.04. Prudential Public has a fifty-two week low of $33.31 and a fifty-two week high of $47.97.

Several institutional investors have recently modified their holdings of PUK. FinTrust Capital Advisors LLC raised its stake in shares of Prudential Public by 80.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 826 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 369 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Prudential Public by 48.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $55,000 after buying an additional 444 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Prudential Public by 337.5% during the 1st quarter. Parallel Advisors LLC now owns 1,645 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,269 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Prudential Public by 27.5% during the 1st quarter. Lindbrook Capital LLC now owns 2,478 shares of the financial services provider’s stock valued at $99,000 after buying an additional 534 shares during the last quarter. Finally, Private Capital Group LLC grew its position in shares of Prudential Public by 73.4% during the 1st quarter. Private Capital Group LLC now owns 3,242 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,372 shares during the last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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