Pzena Investment Management LLC Has $386.39 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Pzena Investment Management LLC cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,191,328 shares of the company's stock after selling 8,240,811 shares during the quarter. Equitable makes up 1.3% of Pzena Investment Management LLC's portfolio, making the stock its 27th largest holding. Pzena Investment Management LLC owned about 2.61% of Equitable worth $386,385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after acquiring an additional 352 shares during the period. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the period. Assetmark Inc. lifted its holdings in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after acquiring an additional 1,265 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after acquiring an additional 409 shares during the period. 92.70% of the stock is owned by institutional investors.

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Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares in the company, valued at approximately $4,677,776.25. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William James Iv Eckert sold 1,700 shares of the company'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 owns 17,677 shares in the company, valued at approximately $825,162.36. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their price target on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.75.

Equitable Trading Up 3.5 %

Shares of Equitable stock traded up $1.74 during trading on Friday, hitting $51.28. 2,701,743 shares of the company were exchanged, compared to its average volume of 2,420,021. The firm has a market capitalization of $15.79 billion, a P/E ratio of 13.42 and a beta of 1.39. Equitable Holdings, Inc. has a 1-year low of $34.95 and a 1-year high of $56.00. The firm's fifty day moving average price is $52.36 and its 200 day moving average price is $47.48. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. Equitable's dividend payout ratio is presently 25.13%.

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.