California Public Employees Retirement System Purchases 19,692 Shares of Equitable Holdings, Inc. (NYSE:EQH)

California Public Employees Retirement System boosted its stake in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 698,889 shares of the company’s stock after purchasing an additional 19,692 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Equitable worth $19,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EQH. JPMorgan Chase & Co. raised its holdings in shares of Equitable by 109.8% in the 1st quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company’s stock valued at $7,021,000 after acquiring an additional 118,874 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Equitable by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 9,261 shares of the company’s stock valued at $287,000 after buying an additional 2,405 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Equitable during the 1st quarter valued at about $216,000. Rhumbline Advisers raised its holdings in shares of Equitable by 2.6% during the 1st quarter. Rhumbline Advisers now owns 309,504 shares of the company’s stock valued at $9,567,000 after buying an additional 7,745 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Equitable by 6.2% during the 1st quarter. Yousif Capital Management LLC now owns 10,896 shares of the company’s stock valued at $337,000 after buying an additional 640 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Price Performance

EQH traded down $0.10 during trading hours on Friday, reaching $33.22. The company’s stock had a trading volume of 1,415,792 shares, compared to its average volume of 2,402,296. The stock has a market cap of $11.24 billion, a PE ratio of 10.05 and a beta of 1.42. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.80. The business’s 50-day moving average is $32.20 and its 200-day moving average is $29.37.

Equitable (NYSE:EQHGet Free Report) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.17). The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. Analysts expect that Equitable Holdings, Inc. will post 4.47 EPS for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 27th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, November 24th. Equitable’s dividend payout ratio is presently 26.51%.

Insider Activity at Equitable

In other Equitable news, Director Daniel G. Kaye sold 4,845 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $33.85, for a total value of $164,003.25. Following the transaction, the director now owns 53,757 shares in the company, valued at approximately $1,819,674.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO William James Iv Eckert sold 7,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $34.59, for a total transaction of $242,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,318 shares of the company’s stock, valued at approximately $702,799.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel G. Kaye sold 4,845 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $33.85, for a total transaction of $164,003.25. Following the sale, the director now owns 53,757 shares of the company’s stock, valued at approximately $1,819,674.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,845 shares of company stock worth $3,046,233. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of research reports. UBS Group raised their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group upgraded Equitable from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $37.00 in a research report on Monday, December 11th. Morgan Stanley reduced their price target on Equitable from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Barclays dropped their price target on Equitable from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Equitable in a research note on Wednesday, October 4th. They set a “hold” rating and a $31.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Get Our Latest Analysis on Equitable

Equitable Profile

(Free Report)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

Featured Articles

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)

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.