Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 50.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,191,328 shares of the company’s stock after selling 8,240,811 shares during the period. Equitable makes up approximately 1.3% of Pzena Investment Management LLC’s portfolio, making the stock its 27th biggest position. Pzena Investment Management LLC’s holdings in Equitable were worth $386,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 during the period. Covestor Ltd grew its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. Assetmark Inc. grew its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after buying an additional 1,265 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after buying an additional 409 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In other Equitable news, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares of the company’s stock, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock valued at $6,534,234 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EQH. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Morgan Stanley boosted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, BMO Capital Markets boosted their target price on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.17.

Equitable Stock Down 2.3 %

NYSE EQH opened at $49.18 on Tuesday. The stock has a market cap of $15.14 billion, a PE ratio of 12.87 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $33.38 and a fifty-two week high of $56.00. The business has a 50 day moving average price of $52.13 and a two-hundred day moving average price of $47.31. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last released its quarterly earnings results 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 return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, March 5th. Equitable’s dividend payout ratio is presently 25.13%.

Equitable 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.