Prudential (NYSE:PUK) Upgraded at StockNews.com

StockNews.com upgraded shares of Prudential (NYSE:PUK) from a sell rating to a hold rating in a research note published on Wednesday morning.

Separately, Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

Prudential Stock Up 1.4 %

NYSE:PUK opened at $16.33 on Wednesday. The firm’s fifty day moving average is $15.98 and its 200-day moving average is $16.87. Prudential has a 52 week low of $14.39 and a 52 week high of $22.07.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PUK. GAMMA Investing LLC lifted its position in shares of Prudential by 95.8% during the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,127 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Prudential by 45.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after buying an additional 699 shares during the last quarter. 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 buying an additional 2,394 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Prudential by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,507 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in Prudential during the fourth quarter worth $163,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

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.