Prudential plc (NYSE:PUK) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its holdings in shares of Prudential plc (NYSE:PUK) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,901 shares of the financial services provider’s stock after selling 4,008 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Prudential were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PUK. GAMMA Investing LLC lifted its position in Prudential by 95.8% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,127 shares during the period. EverSource Wealth Advisors LLC lifted its position in Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 699 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Prudential by 51.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 2,394 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Prudential by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 2,507 shares during the period. Finally, Blue Trust Inc. lifted its position in Prudential by 260.7% in the third quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 7,036 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Trading Up 3.6 %

PUK stock opened at $15.83 on Friday. The firm has a 50 day moving average of $15.98 and a 200-day moving average of $16.95. Prudential plc has a 12-month low of $14.39 and a 12-month high of $22.07.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a research report on Monday, November 25th.

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.