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Prudential Financial, Inc. $PRU Shares Sold by Wealthfront Advisers LLC
Wealthfront Advisers LLC significantly reduced its stake in Prudential Financial (NYSE:PRU) during the third quarter, selling 13.4% of its shares. Despite this, Prudential Financial announced a dividend increase to $1.40 per share quarterly and reported quarterly earnings that narrowly missed estimates while revenue slightly beat expectations. The stock currently holds a consensus “Hold” rating with an average target price of $117.11 among analysts.