Vanguard Group Inc. reduced its stake in Prudential Financial (NYSE:PRU) by 0.3% in the third quarter, holding 42.36 million shares valued at approximately $4.39 billion. Prudential Financial recently increased its quarterly dividend to $1.40 per share, offering an annualized yield of 5.4%. Despite missing EPS estimates in its latest quarter, the company’s revenue beat expectations, and analysts maintain a consensus “Hold” rating with a price target of $117.11.
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Vanguard Group Inc. Has $4.39 Billion Holdings in Prudential Financial, Inc. $PRU
Vanguard Group Inc. reduced its stake in Prudential Financial (NYSE:PRU) by 0.3% in the third quarter, holding 42.36 million shares valued at approximately $4.39 billion. Prudential Financial recently increased its quarterly dividend to $1.40 per share, offering an annualized yield of 5.4%. Despite missing EPS estimates in its latest quarter, the company’s revenue beat expectations, and analysts maintain a consensus “Hold” rating with a price target of $117.11.