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New Big Money Means Prudential plc ADR (PUK) Investors Could Reap Benefit

Prudential plc ADR (NYSE: PUK) is 5.46% higher on its value in year-to-date trading and has touched a low of $14.39 and a high of $21.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PUK stock was last observed hovering at around $16.46 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $16.81, the stock is 5.30% and 4.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 2.13% at the moment leaves the stock -3.61% off its SMA200. PUK registered -18.67% loss for a year compared to 6-month loss of 4.54%. The firm has a 50-day simple moving average (SMA 50) of $16.0952 and a 200-day simple moving average (SMA200) of $17.44665.

The stock witnessed a 6.73% gain in the last 1 month and extending the period to 3 months gives it a 0.66%, and is -2.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 1.57% over the month.

Prudential plc ADR (PUK) has around 15257 employees, a market worth around $22.04B and $15.16B in sales. Current P/E ratio is 26.58 and Fwd P/E is 8.35. Profit margin for the company is 5.75%. Distance from 52-week low is 16.82% and -22.18% from its 52-week high. The company has generated returns on investments over the last 12 months (4.03%).

The EPS is expected to shrink by -10.48% this year

224.0 institutions hold shares in Prudential plc ADR (PUK), with institutional investors hold 2.09% of the company’s shares. Institutions hold 2.09% of the Float.

The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 3.02 million shares valued at $55.42 million. The investor’s holdings represent 0.2207 of the PUK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.88 million shares valued at $52.76 million to account for 0.2101 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.73 million shares representing 0.199 and valued at over $49.96 million, while ROYAL BANK OF CANADA holds 0.175 of the shares totaling 2.4 million with a market value of $43.95 million.

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