LSV Asset Management Sells 30,700 Shares of Equitable Holdings, Inc. $EQH

LSV Asset Management lowered its stake in Equitable Holdings, Inc. (NYSE:EQH) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,600 shares of the company’s stock after selling 30,700 shares during the quarter. LSV Asset Management’s holdings in Equitable were worth $14,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atlas Capital Advisors Inc. grew its stake in shares of Equitable by 310.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company’s stock valued at $904,000 after buying an additional 13,120 shares during the period. Nordea Investment Management AB boosted its holdings in Equitable by 18.3% in the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock worth $223,168,000 after acquiring an additional 615,314 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Equitable by 53.9% in the second quarter. Pinnacle Associates Ltd. now owns 17,315 shares of the company’s stock valued at $971,000 after acquiring an additional 6,065 shares during the period. Applied Finance Capital Management LLC acquired a new stake in Equitable in the second quarter valued at approximately $434,000. Finally, Assetmark Inc. increased its holdings in shares of Equitable by 3,555.3% during the second quarter. Assetmark Inc. now owns 21,932 shares of the company’s stock valued at $1,230,000 after acquiring an additional 21,332 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI increased their target price on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wells Fargo & Company reduced their price objective on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Equitable in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

Equitable Trading Up 2.0%

Shares of EQH opened at $43.97 on Thursday. The stock has a market capitalization of $12.60 billion, a P/E ratio of -15.93 and a beta of 1.17. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. The firm has a fifty day simple moving average of $49.18 and a two-hundred day simple moving average of $51.71.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.11). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business’s revenue was down 52.8% on a year-over-year basis. During the same period last year, the company posted $1.58 earnings per share. On average, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 24th will be issued a $0.27 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.5%. Equitable’s dividend payout ratio (DPR) is -39.13%.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $43.28, for a total transaction of $293,871.20. Following the transaction, the chief operating officer directly owned 68,308 shares of the company’s stock, valued at approximately $2,956,370.24. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 136,658 shares of company stock worth $7,047,941. 1.10% of the stock is currently owned by 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.