California State Teachers Retirement System Sells 14,874 Shares of Equitable Holdings, Inc. (NYSE:EQH)

California State Teachers Retirement System trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 609,094 shares of the company’s stock after selling 14,874 shares during the quarter. California State Teachers Retirement System’s holdings in Equitable were worth $20,283,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EQH. New York State Teachers Retirement System bought a new stake in shares of Equitable during the fourth quarter valued at approximately $4,425,000. Pacer Advisors Inc. acquired a new stake in shares of Equitable in the 4th quarter valued at $1,573,000. Louisiana State Employees Retirement System bought a new stake in shares of Equitable during the fourth quarter worth $2,977,000. Yousif Capital Management LLC lifted its stake in shares of Equitable by 1,739.8% during the fourth quarter. Yousif Capital Management LLC now owns 153,314 shares of the company’s stock valued at $5,105,000 after acquiring an additional 144,981 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Equitable in the fourth quarter valued at about $362,000. 92.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQH has been the subject of several recent research reports. Wells Fargo & Company dropped their price objective on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Evercore ISI increased their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group lifted their target price on shares of Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Truist Financial increased 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.

Get Our Latest Research Report on Equitable

Equitable Trading Up 0.3 %

EQH stock opened at $40.31 on Friday. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $41.64. The firm has a market cap of $13.11 billion, a PE ratio of 12.48 and a beta of 1.41. The business’s 50-day moving average price is $38.71 and its two-hundred day moving average price is $35.17.

Equitable (NYSE:EQHGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.59 billion. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. On average, analysts forecast that Equitable Holdings, Inc. will post 6.12 earnings per share for the current year.

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Equitable’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, June 3rd. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at Equitable

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the transaction, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Bertram L. Scott sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the transaction, the director now directly owns 20,902 shares of the company’s stock, valued at $737,631.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,411 shares of company stock valued at $8,980,534. 1.10% of the stock is owned by corporate insiders.

Equitable Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQHFree Report).

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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