Equitable Holdings, Inc. (NYSE:EQH) Stake Cut by Kempner Capital Management Inc.

Kempner Capital Management Inc. trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,385 shares of the company's stock after selling 23,987 shares during the quarter. Equitable comprises about 3.5% of Kempner Capital Management Inc.'s holdings, making the stock its 6th largest position. Kempner Capital Management Inc.'s holdings in Equitable were worth $6,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQH. Cubist Systematic Strategies LLC purchased a new position in Equitable during the second quarter worth about $162,000. Algert Global LLC grew its position in Equitable by 33.2% during the second quarter. Algert Global LLC now owns 14,188 shares of the company's stock worth $580,000 after buying an additional 3,540 shares in the last quarter. Truist Financial Corp grew its position in Equitable by 32.3% during the second quarter. Truist Financial Corp now owns 8,929 shares of the company's stock worth $365,000 after buying an additional 2,180 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Equitable by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 23,832 shares of the company's stock worth $974,000 after purchasing an additional 3,860 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Equitable in the 2nd quarter worth about $444,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares of the company's stock, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 161,698 shares of company stock valued at $7,904,806 over the last 90 days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EQH shares. Keefe, Bruyette & Woods upgraded Equitable from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Barclays increased their target price on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and boosted their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. BMO Capital Markets began coverage on Equitable in a research note on Thursday, January 23rd. They set an "outperform" rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Equitable from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.67.

Equitable Trading Down 1.1 %

Shares of EQH traded down $0.57 during trading hours on Tuesday, reaching $53.19. 1,226,119 shares of the company traded hands, compared to its average volume of 2,711,025. Equitable Holdings, Inc. has a 12 month low of $32.21 and a 12 month high of $54.82. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The company's fifty day moving average price is $49.11 and its two-hundred day moving average price is $45.12. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of -48.72 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company's revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share. Equities research analysts predict that Equitable Holdings, Inc. will post 6 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. Equitable's payout ratio is -88.07%.

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.