California Public Employees Retirement System cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 875,734 shares of the company’s stock after selling 18,573 shares during the period. California Public Employees Retirement System owned 0.24% of Equitable worth $25,134,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of EQH. Goldman Sachs Group Inc. increased its position in shares of Equitable by 94.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,723,505 shares of the company’s stock valued at $115,094,000 after buying an additional 1,811,795 shares during the period. Royal Bank of Canada increased its position in shares of Equitable by 192.0% in the third quarter. Royal Bank of Canada now owns 1,734,267 shares of the company’s stock worth $45,699,000 after purchasing an additional 1,140,288 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Equitable by 2.2% in the first quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock worth $1,240,838,000 after purchasing an additional 854,689 shares during the last quarter. Neuberger Berman Group LLC grew its position in Equitable by 24.3% during the third quarter. Neuberger Berman Group LLC now owns 3,917,357 shares of the company’s stock valued at $103,222,000 after acquiring an additional 766,449 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position in Equitable by 3.3% during the third quarter. Pzena Investment Management LLC now owns 22,868,511 shares of the company’s stock valued at $602,585,000 after acquiring an additional 720,979 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on EQH shares. 92 Resources reissued a “maintains” rating on shares of Equitable in a research report on Friday, May 5th. Raymond James initiated coverage on Equitable in a research note on Wednesday, February 8th. They issued a “market perform” rating on the stock. Morgan Stanley dropped their price objective on Equitable from $48.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Barclays lowered their price target on Equitable from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, April 6th. Finally, Royal Bank of Canada reduced their price objective on Equitable from $33.00 to $28.00 and set a “sector perform” rating for the company in a research note on Monday, April 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.
Insider Buying and Selling at Equitable
Equitable Trading Down 0.1 %
Shares of EQH opened at $22.82 on Thursday. The stock’s 50 day moving average is $25.57 and its two-hundred day moving average is $28.83. The firm has a market cap of $8.19 billion, a P/E ratio of 6.71 and a beta of 1.40. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $33.24.
Equitable (NYSE:EQH – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.18). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $3.27 billion. The business’s revenue was down 48.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. Equities research analysts forecast that Equitable Holdings, Inc. will post 5.4 EPS for the current year.
Equitable Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 6th. Shareholders of record on Monday, February 27th were given a $0.20 dividend. The ex-dividend date was Friday, February 24th. This represents a $0.80 dividend on an annualized basis and a yield of 3.51%. Equitable’s dividend payout ratio is currently 23.53%.
Equitable Profile
Equitable Holdings, Inc engages in the provision of financial services. It operates through the following segment: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment includes annuity products, which primarily meet the needs of individuals saving for retirement or seeking retirement income.
Featured Articles
- Get a free copy of the StockNews.com research report on Equitable (EQH)
- Occidental Petroleum: Will Buffet Buy More?
- 5 Best Healthcare Sector ETFs
- Electronic Arts Has Game But Can Share Price Move Higher?
- Wendy’s May Have Just Become A Value Play
- Rivian Leads EV Startups But Will The Stock Move Higher?
Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.
