Analyzing the Decline in Prudential Financial Stock Today

After this afternoon's -1.8% drop to $117.83 per share, Prudential Financial might just keep moving past its target price of $113.4. With an average analyst rating of hold, and target prices from $99.0 to $121.0, the stock's next move is anyone's guess.

Prudential Financial's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 3.37. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 58.7%. In conclusion, we believe there is mixed market sentiment regarding Prudential Financial.

Institutions Invested in Prudential Financial

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 12% 41,714,460 $4,915,214,898
2024-03-31 Blackrock Inc. 9% 31,145,817 $3,669,911,674
2024-03-31 State Street Corporation 5% 16,803,871 $1,980,000,150
2024-03-31 Geode Capital Management, LLC 2% 8,344,401 $983,220,785
2024-03-31 Morgan Stanley 2% 6,408,410 $755,102,962
2024-03-31 Dimensional Fund Advisors LP 1% 4,221,726 $497,445,982
2024-03-31 Northern Trust Corporation 1% 3,969,828 $467,764,840
2024-03-31 Legal & General Group PLC 1% 3,217,266 $379,090,458
2024-03-31 Invesco Ltd. 1% 3,130,330 $368,846,789
2024-03-31 Goldman Sachs Group Inc 1% 2,823,891 $332,739,081
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.