Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,779 shares of the company's stock after selling 40,606 shares during the period. Equitable accounts for approximately 2.8% of Kempner Capital Management Inc.'s investment portfolio, making the stock its 16th biggest holding. Kempner Capital Management Inc.'s holdings in Equitable were worth $4,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQH. Assetmark Inc. raised its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. Truist Financial Corp increased its stake in shares of Equitable by 2.8% in the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after purchasing an additional 257 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Equitable by 0.3% in the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock valued at $4,613,000 after purchasing an additional 260 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after purchasing an additional 266 shares during the period. Finally, Colonial Trust Co SC grew its holdings in Equitable by 7.0% in the fourth quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock valued at $202,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

EQH has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their target price on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Wells Fargo & Company boosted their target price on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and an average target price of $61.67.

Insider Activity at Equitable

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total value of $1,426,800.00. Following the completion of the sale, the chief executive officer now owns 743,206 shares in the company, valued at $35,346,877.36. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,332 shares of company stock valued at $5,781,400. 1.10% of the stock is owned by company insiders.

Equitable Price Performance

EQH traded up $1.02 during trading on Thursday, reaching $52.87. The company's stock had a trading volume of 2,496,156 shares, compared to its average volume of 2,549,554. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 14.37 and a beta of 1.15. The firm has a fifty day simple moving average of $51.26 and a two-hundred day simple moving average of $50.86. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a return on equity of 79.05% and a net margin of 8.50%. The business's quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a dividend of $0.27 per share. This is a boost from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.04%. Equitable's payout ratio is presently 29.35%.

About Equitable

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.