12,410 Shares in Equitable Holdings, Inc. (NYSE:EQH) Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,410 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Equitable by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock valued at $1,240,838,000 after purchasing an additional 854,689 shares in the last quarter. BlackRock Inc. raised its position in shares of Equitable by 3.8% in the 1st quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock valued at $849,159,000 after purchasing an additional 1,223,193 shares in the last quarter. Pzena Investment Management LLC raised its position 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 valued at $763,764,000 after purchasing an additional 2,450,484 shares in the last quarter. Norges Bank acquired a new position in shares of Equitable in the 4th quarter valued at approximately $553,559,000. Finally, State Street Corp raised its position in shares of Equitable by 3.5% in the 1st quarter. State Street Corp now owns 9,933,563 shares of the company’s stock valued at $252,213,000 after purchasing an additional 336,694 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of EQH opened at $37.85 on Thursday. The company has a market cap of $12.48 billion, a P/E ratio of 11.20 and a beta of 1.42. The stock has a fifty day moving average price of $34.69 and a 200 day moving average price of $31.58. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $38.32.

Equitable (NYSE:EQHGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. As a group, research analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. Equitable’s payout ratio is currently 26.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQH. UBS Group upped their target price on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, Jefferies Financial Group boosted their price target on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.89.

Get Our Latest Stock Report on Equitable

Insider Buying and Selling

In other news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the completion of the transaction, the chief executive officer now owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the completion of the transaction, the chief executive officer now owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $35.32, for a total value of $352,105.08. Following the completion of the transaction, the chief operating officer now directly owns 151,031 shares of the company’s stock, valued at approximately $5,334,414.92. The disclosure for this sale can be found here. Insiders sold a total of 211,938 shares of company stock worth $7,213,072 in the last three months. 1.02% of the stock is owned by insiders.

About Equitable

(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.

See Also

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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