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StocksMedium•13 February 2026•

1 min read

Wealthfront Sells PRU Shares Amidst Dividend Hike, Mixed Q3 Results

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Wealthfront Advisers LLC significantly reduced its stake in Prudential Financial (PRU) during the third quarter, divesting 13.4% of its shares. This move comes as Prudential Financial announced an increase in its quarterly cash dividend to $1.40 per share. The company recently reported mixed third-quarter financial results, with earnings per share narrowly missing analyst estimates. However, Prudential Financial's revenue for the same period slightly surpassed market expectations. Analysts currently hold a consensus "Hold" rating on PRU stock, with an average target price set at $117.11, reflecting a balanced outlook on its performance.