Catalytic Wealth RIA LLC Grows Position in Prudential plc (NYSE:PUK)

Catalytic Wealth RIA LLC increased its position in shares of Prudential plc (NYSE:PUK) by 11.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,632 shares of the financial services provider’s stock after buying an additional 3,870 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Prudential were worth $679,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in Prudential by 47.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider’s stock worth $2,049,000 after acquiring an additional 35,668 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Prudential in the 3rd quarter valued at approximately $19,505,000. Allspring Global Investments Holdings LLC raised 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 worth $131,000 after purchasing an additional 2,394 shares during the last quarter. Raymond James & Associates raised its holdings in Prudential by 2.6% during the third quarter. Raymond James & Associates now owns 235,720 shares of the financial services provider’s stock worth $4,370,000 after purchasing an additional 6,041 shares during the last quarter. Finally, Blue Trust Inc. raised 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 worth $178,000 after purchasing an additional 7,036 shares during the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Barclays raised Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th.

Prudential Stock Down 0.8 %

Shares of NYSE:PUK opened at $16.37 on Tuesday. Prudential plc has a 52 week low of $15.77 and a 52 week high of $23.73. The business has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $18.00.

Prudential Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 23rd. Investors of record on Friday, September 6th were issued a $0.1368 dividend. The ex-dividend date of this dividend was Friday, September 6th.

Prudential 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.