In this latest guide, I will give you a quick rundown on the how to buy Prudential shares in the UK.
Buying shares in Prudential plc is only a minor part of a much broader process, so you can find some useful and suggestive information about other important factors such as finding a trading platform, conducting research, and selling shares.
Also consider: Best stocks and shares to buy now
This’s just a suggestive guide and doesn’t amount to or constitute investment advice. Keep in mind that buying, trading, and investing in Prudential Plc shares comes with risk and nothing is guaranteed.
- Choose a trading platform. If you’re unsure which one to choose, see my guide to the best trading platforms UK.
- Open an account. You will need your national insurance number, personal ID and bank details.
- Enter payment details. Fund your new trading account via a debit card or bank transfer.
- Search for the stock code on your trading platform. Search for “PRU”.
- Research Prudential shares information. Your trading platform can show you the latest information for Prudential.
- Now buy your Prudential. Go ahead if you’re happy to buy Prudential Plc stock.
Prudential Plc (PRU) Live share price
Below you can see Prudential Plc live share price, subject stock exchange times and data update frequency.
Here is a quick step-by-step guide on some of the most common steps taken by other investors if they are looking to start buying shares. This guide is only speculative and is not comprehensive.
Step One: Browse the Available Trading Platforms
The first step to buying Prudential shares is to browse through the available trading platforms. Trading platforms will typically come in the form of an app, a desktop service, or an online brokerage.
There are now loads of different trading platforms to choose from. This is why it can be worth taking the time to browse through the available options and land on one that is the best fit for you and your investments.
Be sure to select a platform that is authorised and regulated by the UK Financial Conduct Authority (FCA). Also, be aware that trading platforms will likely charge fees for their services, such as withdrawal, deposit, and idle fees. Other fees such as commission payments can also apply with certain platforms.
Step Two: Register and Open a New Trading Account
Now that you have settled on the type of trading platform you want to use, it is time to register for and open a new trading account. An account will let you buy and sell shares/stock.
In order to set up a new trading account, you will need to find a suitable account provider. In this case, be sure to also select a provider that is properly authorised and regulated. This might be by an authoritative body such as the Financial Conduct Authority.
To set up a new account, you are likely going to be asked to provide some personal details. In most cases, this can include a full name, home address, National Insurance Number, and bank details. The account provider will clarify the type of information they require from you.
An account is going to need verification. An account is likely to be verified before any trading can be done. Verifying an account can typically be done by providing a form of identification. This could be a driver’s licence, passport, or even a utility bill.
Step Three: Add Funds to your New Trading Account
Once an account has been opened and verified, it is time to add funds to that account. Adding funds will let you buy shares.
The account provider is likely to have a number of different payment options for you to choose from. The most common are debit and credit card payments, as well as a direct bank transfer. Others may include eWallet services such as PayPal, Skrill, and Neteller.
The platform or account provider should outline their chosen payment methods clearly. But be aware that some platforms and providers may charge depositing fees. Be sure to check out this detail with them directly before making any deposits so that you can avoid any nasty surprises.
Step Four: Search for Prudential plc Stock Market Code on your Trading Platform
Now that you have some funds deposited into the new trading account, you might want to start looking at your share options. In this case, you can search for Prudential shares directly. This can normally be done by navigating to the search bar and searching for Prudential.
This can be done even quicker by searching for Prudential’s ticker. According to the London Stock Exchange, the Prudential plc ticker is ‘PRU’.
The ticker can be used to find information about Prudential very quickly. This information might be current market information, current share price, or to buy and sell Prudential shares.
Step Five: Research Prudential plc
One of the most significant and most important steps in the process of buying shares is to conduct proper research before making any financial commitments. Carrying out proper and extensive research can be a little time-consuming, but it can really make a difference.
When you start your research into Prudential, you may want to think about a number of factors. A key question to keep in your mind is whether now is a good time to buy, trade or invest in Prudential shares. Research can help you come to a decision and conclusion as to whether buying Prudential shares will be beneficial for you and whether it is the right step to take.
Shares are always likely to change and fluctuate at any time. This can even happen during a regular trading day. According to the London Stock Exchange, the trading hours are between 08:00 and 16:30 GMT.
When you begin your research, it is handy to note down the things that you want to find out. Some of these things might include the company’s previous performances, their dividend payments, net income and net profits, market capitalisation, current stock price, the number of shares they have on offer to prospective shareholders, and even forecasts from other traders and professionals speculating on the market. It can also be worth looking at how other companies in the same sector are performing to make comparisons.
It is extremely hard to really know what is going to happen with a share price and the market. A number of factors can impact the share price and the company. But research can help you make a more informed decision.
If you are in need of extra help, it can be worth seeking out independent financial advice from a professional or expert in financial services to help you gauge whether it is a good time to buy Prudential shares.
Step Six: Are you Ready to Buy Prudential Shares?
If you have followed the other steps, you can now start to ask yourself whether you are ready to buy shares in Prudential plc.
Another thing to keep in mind before making any firm decisions is to think about what you are aiming to get out of buying or investing in shares. Buying, trading and investing will put your capital at risk, and there are no guarantees.
A Brief History of Prudential UK
Prudential plc is an insurance company based in the United Kingdom that operates on a global basis. Prudential plc is not to be confused with Prudential Financial Inc, which is a separate company based in the United States.
Prudential plc was founded in London and can date back to 1848 as a loan company. Since then, it has grown to be one of the largest insurance companies in the UK and in regions all over the world.
Prudential plc is a public limited company. The company headquarters are based on 1 Angel Court London. Shriti Vadera is the current Chair of the company.
Prudential plc has a number of products and services. It mainly serves as a life insurance business. It also offers services in investment management and consumer finance.
Prudential plc has two primary listings. The first is through the London Stock Exchange, and the second is on the Hong Kong Stock Exchange. Prudential plc has secondary listings on the Singapore Exchange and the New York Stock Exchange. Prudential plc is also a component of the FTSE 100 Index.
Here are some of the things that I sometimes consider before I buy a new share or stock in a company. Some of these things might also be useful for you to consider before you start to think about buying shares in Prudential.
Research Prudential UK
This is one of the most important things to do before buying new shares in any company. Although it is always extremely hard to tell whether buying, trading or investing in a company’s stock is going to be good or not, doing some extensive research can make all the difference.
Think About your Existing Portfolio
One other thing that I like to consider is to think carefully about how buying stock in a company is going to impact my existing portfolio. I would usually ask myself how buying shares or making new investments is going to impact my other existing investments and whether this impact is going to be positive or negative.
It can be hard to tell whether buying shares or investing in a new company is going to be beneficial or detrimental to your portfolio. In some instances, it can help to seek out personal advice from a professional providing financial services and investment consultation. They might be able to advise you on your potential investment. Finding personal advice is likely to cost a fee, so think carefully about it before you commit.
And if you have yet to establish a complete portfolio, you might want to first consider whether you are ready for the responsibility of owning one. Managing a portfolio takes commitment and dedication, which can sometimes be confusing. It will take time to manage properly. So think carefully about whether you are ready to take on that responsibility.
Consider your Personal Finances and Investments
One of the most obvious things you might want to consider is to really decide on what your financial goals are and what your personal finances are. You should know for certain what you can afford and how much you can commit to an investment.
It is worth being as realistic as possible with yourself and be honest about what is affordable and what is not affordable. Come to terms with what you want to get out of buying or investing in Prudential stock.
Remember that investing, buying and trading in stocks will put your capital at risk, and there are no guarantees.
Buying shares is a process, and here are some of the things you might want to do first before you buy Prudential shares.
Selecting the Right Trading Platform
One thing that you should try to get right is to find the best trading platform that suits you and your investment needs. With so many different platforms and brokerages now available, it can be difficult to know which one is the best.
That is why it can be worth taking the time to browse all the available options and weigh them up. Write out a list of the things that you want to get out of an experience on a trading platform. Bear in mind that some platforms will specialise in a particular type of share or perhaps even in a particular industry or sector.
Some platforms and brokerages are likely to charge their users fees. Fees might include withdrawal fees, idle account fees, and deposit fees. Brokerages are more likely to charge their customers commission for their services. More and more trading apps and platforms are advertising for little to zero commission, such as eToro. But be aware that some platforms may charge fees elsewhere.
A key thing to remember is to browse through and select a platform or brokerage that is regulated by the Financial Conduct Authority (FCA). The FCA runs the Financial Services Register. Take your time to find a brokerage or platform that is properly authorised and regulated by an official regulatory body such as the FCA.
Creating a New Account
You won’t be able to get very far without a proper trading account. A trading account will let you buy shares, store them and then trade or sell them. Just like with platforms and brokerages, there are now plenty of ways to set up a new trading account. There are also plenty of account providers to select from.
Again, be sure to choose a provider that is reputable and legitimate and is properly regulated by an official, authoritative body.
Setting up an account is pretty easy and does not usually take that long. The longest part of registering for a trading account is usually the account verification process.
Account providers will typically ask their customers to provide some personal information to set up an account. This can include your own name, home address, National Insurance Number, and bank details. Some details may vary, but you can check with the account provider directly to check.
In order to verify an account, official identification is likely needed. This can be a driver’s licence, passport, or even a utility bill that confirms bank details or proof of address.
Selling Prudential Shares
Selling Prudential shares will be just as complex as buying them. To know when to sell does take practice, experience and the proper knowledge.
Shareholders may want to sell their shares for a number of reasons. The main reasons are either to sell shares to make a profit or to minimise their losses. Selling shares at any time is likely to affect how much profit you could potentially make if any profits at all.
Selling shares takes just as much preparation as it does to know if and when to buy shares. Research and work is needed to find out whether it is a good time to sell. Again, looking for personal advice from a professional or expert in financial services can help you gauge whether it is a good time to sell your shares. As the market is in constant flux, so are sell prices, and favourable opportunities to sell may come and go.
If you are looking to sell Prudential shares, then this can normally be done through the trading platform of your choice. Simply navigate to the ‘sell’ shares option and then select the number of shares you want to sell. Do remember that selling shares is just as risky as buying them.
Does Prudential plc Pay Dividends?
Yes, Prudential does pay dividends and it is one of the many stock paying dividend companies in the UK.
In order to get dividend payments, you must be a shareholder that has shares that pay out dividends. Not all shares are the same, and some may pay dividends, whereas others may not. You can find some of the best stock paying dividends in my guide here.
Dividends are payments that are made to shareholders if/when the company decides to pay out its profits. This decision and also the amount of dividends released to shareholders is typically determined by the company’s board of directors. Dividends are usually paid out to shareholders every quarter, but this can depend on the company in question.
Dividend payments are typically released to shareholders as cash. Although some companies are inclined to give their shareholders a chance to reinvest their dividends back into the company. This is not a universal option, and some companies do not offer this opportunity where others do.
The dividend yield helps to show the amount a company might pay out to shareholders as dividends. The dividend yield is useful to both existing shareholders and prospective buyers. They can both see how much they might get from owning shares in a company like Prudential. The yield can be good to show whether it is a good opportunity to buy dividend-paying shares in a company.
Calculating the yield is taken relative to the current share price. The amount of annual dividends per share is divided by the price per share.
Giving a company’s stock value is incredibly challenging. It is hard to know whether the company’s shares are overvalued or undervalued. Although it can be useful to get somewhat of an idea in order to make an informed decision. The current share price of Prudential can be found on the London Stock Exchange.
The Price to Earnings Ratio, more commonly known as the P/E Ratio, is traditionally used by shareholders and potential buyers or investors to figure out the relative value of a company’s stock. The P/E Ratio is helpful for figuring out and measuring the current value of a share relative to the earnings of each share (EPS).
The P/E Ratio is worked out by a simple calculation. The calculation requires the market value of each share to be divided by the earnings per share (EPS).
To work out the EPS, a different calculation is needed. To calculate the EPS, the company’s profits are divided by the total number of shares outstanding.
It can sometimes be beneficial to place the P/E Ratio of one company side by side with the ratio of another company operating in the same industry. That way, a comparison can be drawn, and you can see whether a ratio is considered low or high.
This question is always going to be difficult to answer, and it really does vary from person to person. Knowing whether Prudential shares or any stock in a company, for that matter, is good to buy and sell comes down to a number of different factors.
One of these factors is certainly individual circumstances. This suggestive guide has already mentioned that it can be worth taking the time to lay out your financial objectives and what is affordable. You should know precisely what you want to get out of buying shares in Prudential and know that there is a lot of risk attached.
During the research process, it can be helpful to consider the volatility rating of a company such as Prudential to contribute to figuring out whether the company’s stock is good to buy. A company’s volatility rating can be telling of whether a share price is likely to decrease or increase over a particular period of time. If the volatility rating is above the LSE average, then there is usually a much higher risk attached, and the share price is more likely to fluctuate dramatically.
The volatility ratings can be compared between different companies in the same industry. This can help you get an idea of whether the volatility is above the general average relative to other companies.
Is Prudential plc Publicly Traded?
Is Prudential plc Available on eToro?
The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future results. The tax implications of pension withdrawals will be based on your individual circumstances. Thresholds, percentage rates and tax legislation may change in subsequent Finance Acts.
CFDs are complex financial instruments and more than half of retail investor accounts lose money when trading CFDs. Please make sure that you know these risks before you start trading and that you’re aware there’s a high chance of losing money rapidly on your investment.