Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 288,700 shares of the company’s stock after selling 4,100 shares during the period. LSV Asset Management’s holdings in Equitable were worth $13,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EQH. Versant Capital Management Inc grew its holdings in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after buying an additional 352 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. increased its position in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EQH shares. Barclays increased their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their target price on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Truist Financial increased their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Equitable from $62.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.91.

Equitable Stock Performance

Shares of Equitable stock opened at $46.44 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.16 and a beta of 1.23. The business has a 50-day moving average of $51.77 and a 200 day moving average of $48.94. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the sale, the chief executive officer now directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,332 shares of company stock worth $5,364,610. Company insiders own 1.10% of the company’s stock.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.