Keeley Teton Advisors LLC Lowers Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Keeley Teton Advisors LLC decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,414 shares of the company’s stock after selling 7,470 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Equitable were worth $3,211,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EQH. Norges Bank purchased a new position in Equitable during the fourth quarter valued at $606,630,000. Hsbc Holdings PLC increased its holdings in shares of Equitable by 1,161.7% in the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock worth $262,692,000 after purchasing an additional 7,227,568 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Equitable by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after purchasing an additional 2,450,484 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Equitable by 1,105.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock worth $41,390,000 after purchasing an additional 1,139,814 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Equitable by 4,172.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 593,017 shares of the company’s stock worth $16,836,000 after purchasing an additional 579,137 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other news, insider Seth P. Bernstein sold 152,473 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value 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 $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the completion of the transaction, the chief executive officer now directly owns 695,025 shares of the company’s stock, valued at $26,174,641.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total value of $5,803,122.38. Following the transaction, the insider now directly owns 88,660 shares of the company’s stock, valued at $3,374,399.60. The disclosure for this sale can be found here. Insiders sold a total of 239,411 shares of company stock valued at $8,980,534 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EQH. Keefe, Bruyette & Woods lifted their target price on Equitable from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th. Wells Fargo & Company reduced their target price on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Truist Financial lifted their price objective on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Evercore ISI lifted their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group lifted their price objective on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Three investment 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, Equitable presently has an average rating of “Moderate Buy” and an average target price of $40.10.

Equitable Stock Up 0.3 %

EQH traded up $0.11 during midday trading on Thursday, reaching $40.31. The company had a trading volume of 2,539,543 shares, compared to its average volume of 2,665,964. The business has a 50-day moving average of $38.71 and a two-hundred day moving average of $35.17. The company has a market cap of $13.11 billion, a P/E ratio of 12.45 and a beta of 1.41. Equitable Holdings, Inc. has a 1 year low of $24.65 and a 1 year high of $41.64.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.59 billion. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. On average, equities research analysts predict that Equitable Holdings, Inc. will post 6.12 EPS for the current year.

Equitable Increases Dividend

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

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.