Goldman Sachs Group Inc. Has $87.07 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Goldman Sachs Group Inc. boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,614,698 shares of the company’s stock after acquiring an additional 2,485 shares during the quarter. Goldman Sachs Group Inc. owned 0.77% of Equitable worth $87,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Equitable in the 4th quarter worth about $4,425,000. Pacer Advisors Inc. bought a new stake in Equitable during the fourth quarter worth about $1,573,000. Louisiana State Employees Retirement System acquired a new stake in shares of Equitable during the fourth quarter worth 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 acquiring an additional 144,981 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Equitable in the 4th quarter worth approximately $362,000. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EQH shares. Wells Fargo & Company dropped their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Jefferies Financial Group raised their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Truist Financial upped their price target on shares of Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Morgan Stanley raised their price objective on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Evercore ISI upped their target price on shares of Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.10.

View Our Latest Report on EQH

Insider Buying and Selling

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now directly owns 88,660 shares in the company, valued at $3,374,399.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.66, for a total value of $1,129,800.00. Following the completion of the transaction, the chief executive officer now owns 695,025 shares of the company’s stock, valued at $26,174,641.50. The disclosure for this sale can be found here. Insiders have sold 239,411 shares of company stock valued at $8,980,534 in the last 90 days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

EQH opened at $40.66 on Tuesday. The firm has a 50 day simple moving average of $38.80 and a 200 day simple moving average of $35.38. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.64. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 12.59 and a beta of 1.41.

Equitable (NYSE:EQHGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $0.96 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, analysts expect that Equitable Holdings, Inc. will post 6.12 EPS for the current year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Equitable’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 3rd. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Equitable Profile

(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.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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