OLD Mission Capital LLC Sells 223,903 Shares of Prudential plc (NYSE:PUK)

OLD Mission Capital LLC lowered its position in shares of Prudential plc (NYSE:PUK) by 61.8% in the fourth quarter, Holdings Channel reports. The firm owned 138,563 shares of the financial services provider’s stock after selling 223,903 shares during the period. OLD Mission Capital LLC’s holdings in Prudential were worth $2,209,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its stake in Prudential by 52.6% in the 4th quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,049 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Prudential during the 4th quarter worth about $305,000. Arrowstreet Capital Limited Partnership lifted its position in Prudential by 1,133.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider’s stock worth $16,757,000 after acquiring an additional 965,985 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Prudential by 321.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider’s stock worth $19,713,000 after purchasing an additional 943,487 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Prudential during the fourth quarter worth $469,000. Institutional investors own 1.90% of the company’s stock.

Prudential Trading Up 0.3 %

NYSE:PUK opened at $21.57 on Wednesday. The stock’s 50-day moving average is $18.59 and its 200-day moving average is $17.30. Prudential plc has a 1-year low of $14.39 and a 1-year high of $22.01. The stock has a market cap of $28.37 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21.

Prudential Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be given a dividend of $0.3258 per share. This is an increase from Prudential’s previous dividend of $0.24. The ex-dividend date of this dividend is Friday, March 28th. Prudential’s dividend payout ratio (DPR) is 28.02%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd.

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.