Argent Trust Co significantly reduced its stake in Prudential Financial by 78.9% in Q3, selling 23,271 shares and retaining 6,205 shares valued at $644,000. Despite missing Q4 EPS estimates, Prudential increased its quarterly dividend to $1.40, resulting in an attractive 5.7% yield for investors. Analysts generally rate the stock as “Hold” with an average target price of $115.78, reflecting a cautious outlook despite the dividend hike.
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Argent Trust Co Sells 23,271 Shares of Prudential Financial, Inc. $PRU
Argent Trust Co significantly reduced its stake in Prudential Financial by 78.9% in Q3, selling 23,271 shares and retaining 6,205 shares valued at $644,000. Despite missing Q4 EPS estimates, Prudential increased its quarterly dividend to $1.40, resulting in an attractive 5.7% yield for investors. Analysts generally rate the stock as “Hold” with an average target price of $115.78, reflecting a cautious outlook despite the dividend hike.