Prudential Financial, Inc. $PRU Stake Decreased by Glenmede Trust Co. NA

Posted by Brian Himes on Aug 7th, 2026

Glenmede Trust Co. NA cut its holdings in shares of Prudential Financial, Inc. (NYSE:PRU – Free Report) by 31.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,012 shares of the financial services provider’s stock after selling 4,644 shares during the period. Glenmede Trust Co. NA’s holdings in Prudential Financial were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc acquired a new position in Prudential Financial during the 4th quarter worth $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Prudential Financial during the fourth quarter valued at $26,000. Salomon & Ludwin LLC raised its stake in shares of Prudential Financial by 98.3% during the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 114 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in Prudential Financial in the fourth quarter worth about $30,000. Finally, Coston McIsaac & Partners lifted its holdings in Prudential Financial by 93.4% in the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 128 shares during the period. Institutional investors own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the completion of the sale, the insider directly owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Prudential Financial

Here are the key news stories impacting Prudential Financial this week:

Positive Sentiment: Prudential reported second-quarter adjusted earnings of $4.08 per share, above the $3.52 analyst consensus. Adjusted operating income rose 14%, supported by stronger PGIM and International results, higher investment income and record performance in Group Insurance. PRU Q2 Earnings Beat Estimates on PGIM and International Strength
Positive Sentiment: Management raised its cumulative efficiency-savings target to $750 million and said planned exits from emerging markets could release more than $3 billion in capital. These actions may improve capital flexibility and support shareholder returns. Prudential Financial Q2 2026 Earnings Call Highlights
Neutral Sentiment: Revenue was $14.16 billion, slightly below the $14.36 billion consensus, despite the earnings beat. The result indicates that profitability and investment performance, rather than broad-based revenue growth, were the primary drivers of the quarter. Prudential Q2 Earnings and Revenues Top Estimates
Negative Sentiment: Investors remain concerned about earnings quality. Alternative investment income was expected to be $20 million to $40 million below near-term expectations, while an annual actuarial review was projected to reduce Retirement adjusted operating income by about $90 million. Prudential Financial Falls as Investors Weigh Soft Q2 Signals
Negative Sentiment: Reports that Chinese authorities are applying personal-income taxes to returns from offshore insurance policies triggered concerns about Prudential’s Hong Kong and broader international business. The company’s prolonged Japan sales suspension is also expected to reduce 2026 pretax adjusted operating income by approximately $525 million to $575 million. Prudential Slides After Report on China Offshore Insurance Tax

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Prudential Financial from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Bank of America lowered their price objective on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets dropped their target price on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a report on Thursday, April 23rd. Finally, TD Cowen increased their price target on Prudential Financial from $102.00 to $114.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $105.46.

Read Our Latest Report on Prudential Financial

Prudential Financial Stock Up 0.9%

PRU stock opened at $121.29 on Friday. The firm has a market cap of $42.09 billion, a PE ratio of 10.99, a P/E/G ratio of 2.35 and a beta of 0.84. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $112.44 and a 200 day simple moving average of $104.62.

Prudential Financial (NYSE:PRU – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.56. The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.36 billion. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. During the same quarter in the previous year, the business posted $3.58 earnings per share. Equities research analysts forecast that Prudential Financial, Inc. will post 13.92 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.6%. Prudential Financial’s payout ratio is 50.72%.

About Prudential Financial

(Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.