Prudential (NYSE:PUK) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Prudential (NYSE:PUK) from a hold rating to a sell rating in a research note issued to investors on Monday.

A number of other equities research analysts also recently weighed in on PUK. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Prudential Trading Up 1.4 %

NYSE PUK opened at $16.33 on Monday. The company has a 50 day moving average of $17.08 and a 200-day moving average of $17.74. Prudential has a 1-year low of $15.10 and a 1-year high of $22.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in shares of Prudential by 98.0% during the first quarter. Russell Investments Group Ltd. now owns 2,712 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,342 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Prudential by 15.0% in 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 period. Crossmark Global Holdings Inc. raised its stake in Prudential by 47.6% during the third quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider’s stock worth $2,049,000 after buying an additional 35,668 shares during the last quarter. Creative Planning lifted its holdings in Prudential by 96.8% in 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 period. Finally, Sanctuary Advisors LLC bought a new stake in Prudential during the second quarter valued at $678,000. 1.90% of the stock is owned by institutional investors and hedge funds.

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.