HighTower Advisors LLC significantly reduced its stake in Prudential Financial (PRU) by 44.3% in Q3, selling over 52,000 shares. Despite this, other major institutions like Norges Bank and Vanguard Group increased their positions, with institutional investors now owning over half of PRU stock. Prudential recently increased its quarterly dividend to $1.40 and reported mixed Q3 earnings, with revenue beating estimates but EPS slightly missing expectations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Prudential Financial, Inc. $PRU Shares Sold by HighTower Advisors LLC
HighTower Advisors LLC significantly reduced its stake in Prudential Financial (PRU) by 44.3% in Q3, selling over 52,000 shares. Despite this, other major institutions like Norges Bank and Vanguard Group increased their positions, with institutional investors now owning over half of PRU stock. Prudential recently increased its quarterly dividend to $1.40 and reported mixed Q3 earnings, with revenue beating estimates but EPS slightly missing expectations.