Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,284 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,202 shares of the company’s stock after selling 1,284 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Equitable were worth $3,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQH. GSA Capital Partners LLP bought a new position in shares of Equitable during the third quarter worth $243,000. Natixis Advisors LLC boosted its position in shares of Equitable by 76.4% during the third quarter. Natixis Advisors LLC now owns 33,321 shares of the company’s stock worth $1,400,000 after acquiring an additional 14,434 shares during the last quarter. Intech Investment Management LLC raised its stake in Equitable by 4.7% during the third quarter. Intech Investment Management LLC now owns 61,091 shares of the company’s stock valued at $2,568,000 after purchasing an additional 2,765 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Equitable by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after purchasing an additional 68,900 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Equitable by 25.7% during the third quarter. Eagle Asset Management Inc. now owns 221,465 shares of the company’s stock valued at $9,308,000 after purchasing an additional 45,322 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.2 %

NYSE EQH opened at $52.49 on Monday. The company’s 50-day moving average price is $52.75 and its 200-day moving average price is $47.99. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The stock has a market cap of $16.16 billion, a PE ratio of 13.74 and a beta of 1.39. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is presently 25.13%.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock worth $5,364,610 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Morgan Stanley upped their price target on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company upped their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.75.

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.