Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,312 shares of the company’s stock after purchasing an additional 5,310 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Equitable were worth $2,441,000 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 the stock. Foster & Motley Inc. grew its position in Equitable by 28.0% in the fourth quarter. Foster & Motley Inc. now owns 158,705 shares of the company’s stock worth $5,285,000 after acquiring an additional 34,745 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Equitable by 143.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after acquiring an additional 591 shares during the last quarter. abrdn plc raised its position in Equitable by 98.5% in the fourth quarter. abrdn plc now owns 122,993 shares of the company’s stock valued at $4,096,000 after purchasing an additional 61,047 shares during the period. Xponance Inc. lifted its stake in Equitable by 42.1% during the fourth quarter. Xponance Inc. now owns 74,304 shares of the company’s stock worth $2,474,000 after purchasing an additional 22,017 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Equitable by 219.2% during the fourth quarter. Federated Hermes Inc. now owns 59,820 shares of the company’s stock worth $1,992,000 after buying an additional 41,082 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and raised their target price for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Morgan Stanley increased their target price on shares of Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Jefferies Financial Group boosted their target price on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now owns 619,625 shares in the company, valued at approximately $20,063,457.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the transaction, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now owns 619,625 shares of the company’s stock, valued at approximately $20,063,457.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,907 shares of company stock worth $8,338,649. Insiders own 1.02% of the company’s stock.

Equitable Price Performance

Shares of EQH opened at $38.08 on Thursday. The firm has a fifty day moving average price of $35.71 and a 200 day moving average price of $32.48. The stock has a market cap of $12.47 billion, a PE ratio of 11.26 and a beta of 1.42. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s payout ratio is currently 26.04%.

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.