Russell Investments Group Ltd. Has $16.87 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Russell Investments Group Ltd. cut its stake in Equitable Holdings, Inc. (NYSE:EQH) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,031 shares of the company’s stock after selling 3,230 shares during the period. Russell Investments Group Ltd.’s holdings in Equitable were worth $16,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQH. New York State Teachers Retirement System bought a new stake in shares of Equitable in the fourth quarter valued at about $4,425,000. Pacer Advisors Inc. acquired a new stake in shares of Equitable during the 4th quarter worth approximately $1,573,000. Louisiana State Employees Retirement System bought a new stake in shares of Equitable during the fourth quarter valued at approximately $2,977,000. Yousif Capital Management LLC raised its stake in shares of Equitable by 1,739.8% in the fourth quarter. Yousif Capital Management LLC now owns 153,314 shares of the company’s stock valued at $5,105,000 after purchasing an additional 144,981 shares in the last quarter. Finally, Ellsworth Advisors LLC bought a new position in Equitable in the fourth quarter worth $894,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Performance

Shares of NYSE:EQH opened at $38.54 on Friday. The business has a fifty day moving average of $36.26 and a 200-day moving average of $32.97. The firm has a market cap of $12.63 billion, a PE ratio of 11.93 and a beta of 1.40. Equitable Holdings, Inc. has a twelve month low of $21.89 and a twelve month high of $39.11.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal 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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 27.24%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EQH shares. Jefferies Financial Group boosted their price target on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Truist Financial upped their price target on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Finally, UBS Group increased their target price on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.

Insiders Place Their Bets

In other news, insider Nick Lane sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the completion of the sale, the insider now owns 144,132 shares in the company, valued at $4,903,370.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Nick Lane sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the transaction, the insider now owns 144,132 shares of the company’s stock, valued at approximately $4,903,370.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles G.T. Stonehill sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total transaction of $170,100.00. Following the sale, the director now directly owns 29,758 shares of the company’s stock, valued at $1,012,367.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 334,380 shares of company stock valued at $12,198,971. 1.10% of the stock is currently owned by corporate insiders.

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.