LSV Asset Management Cuts Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

LSV Asset Management lessened its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,753 shares of the company’s stock after selling 95,924 shares during the quarter. LSV Asset Management owned about 0.14% of Equitable worth $15,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQH. Amalgamated Bank lifted its holdings in shares of Equitable by 185.4% during the 4th quarter. Amalgamated Bank now owns 232,922 shares of the company’s stock valued at $7,756,000 after purchasing an additional 151,313 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Equitable during the fourth quarter worth about $1,064,000. Van ECK Associates Corp acquired a new position in Equitable in the 4th quarter worth approximately $80,000. Retirement Systems of Alabama purchased a new stake in shares of Equitable in the 4th quarter valued at $13,270,000. Finally, Truist Financial Corp raised its holdings in shares of Equitable by 9.5% during the fourth quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock worth $263,000 after purchasing an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EQH shares. UBS Group boosted their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group lifted their target price on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Evercore ISI raised their price target on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price objective on shares of Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Truist Financial lifted their price target on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.

Equitable Stock Up 1.6 %

Shares of EQH opened at $39.16 on Tuesday. Equitable Holdings, Inc. has a 52-week low of $22.16 and a 52-week high of $39.51. The stock has a market cap of $12.74 billion, a PE ratio of 12.12 and a beta of 1.40. The firm’s fifty day moving average is $36.35 and its two-hundred day moving average is $33.11.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, research analysts anticipate that Equitable Holdings, Inc. will post 6.06 earnings per share for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.25%. Equitable’s dividend payout ratio is presently 27.24%.

Insider Buying and Selling

In other news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the sale, the insider now owns 88,660 shares of the company’s stock, valued at approximately $3,374,399.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Equitable news, insider Nick Lane sold 20,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total transaction of $680,400.00. Following the completion of the transaction, the insider now owns 144,132 shares of the company’s stock, valued at $4,903,370.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the sale, the insider now directly owns 88,660 shares in the company, valued at $3,374,399.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 334,380 shares of company stock worth $12,198,971. Insiders own 1.10% of the company’s stock.

About Equitable

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.