LSV Asset Management Sells 4,100 Shares of Equitable Holdings, Inc. (NYSE:EQH)

LSV Asset Management trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,700 shares of the company’s stock after selling 4,100 shares during the period. LSV Asset Management owned approximately 0.09% of Equitable worth $13,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Assetmark Inc. grew its stake in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. grew its stake in shares of 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 acquiring an additional 430 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after acquiring an additional 1,265 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on EQH shares. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Truist Financial increased their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Morgan Stanley decreased their target price on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.91.

Equitable Price Performance

Shares of NYSE EQH 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 firm’s 50 day simple moving average is $51.77 and its 200-day simple moving average is $48.94. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.16 and a beta of 1.23.

Equitable (NYSE:EQH) last released 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%. Analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

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

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the transaction, the chief operating officer now owns 92,209 shares in the company, valued at $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the sale, the insider now directly owns 121,629 shares in the company, valued at $6,282,137.85. This represents a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,332 shares of company stock valued at $5,364,610. 1.10% of the stock is owned by corporate insiders.

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.