Oppenheimer Asset Management Inc. Increases Holdings in Prudential plc (NYSE:PUK)

Oppenheimer Asset Management Inc. increased its stake in Prudential plc (NYSE:PUK) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,598 shares of the financial services provider’s stock after acquiring an additional 5,448 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Prudential were worth $2,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in shares of Prudential by 98.0% in the 1st 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. Sei Investments Co. raised its position in Prudential by 8.9% in the 1st quarter. Sei Investments Co. now owns 344,222 shares of the financial services provider’s stock worth $6,633,000 after purchasing an additional 28,124 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Prudential in the first quarter worth about $75,000. Bank of Montreal Can boosted its position in shares of Prudential by 15.0% during the second quarter. Bank of Montreal Can now owns 795,969 shares of the financial services provider’s stock valued at $15,418,000 after buying an additional 103,625 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake 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 buying an additional 35,668 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Stock Up 1.8 %

Prudential stock opened at $16.13 on Friday. The company has a 50 day moving average price of $17.16 and a 200-day moving average price of $17.92. Prudential plc has a fifty-two week low of $15.10 and a fifty-two week high of $23.73.

Prudential Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PUK shares. StockNews.com raised Prudential from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Barclays raised shares of Prudential to a “strong-buy” rating in a research note on Tuesday, October 15th.

About Prudential

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.