Louisiana State Employees Retirement System Invests $2.98 Million in Equitable Holdings, Inc. (NYSE:EQH)

Louisiana State Employees Retirement System acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 89,400 shares of the company's stock, valued at approximately $2,977,000.

Several other institutional investors have also recently bought and sold shares of EQH. JPMorgan Chase & Co. boosted its stake in shares of Equitable by 109.8% during the 1st quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company's stock worth $7,021,000 after buying an additional 118,874 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Equitable by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 9,261 shares of the company's stock worth $287,000 after purchasing an additional 2,405 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Equitable during the 1st quarter worth approximately $216,000. Rhumbline Advisers boosted its position in shares of Equitable by 2.6% during the 1st quarter. Rhumbline Advisers now owns 309,504 shares of the company's stock worth $9,567,000 after acquiring an additional 7,745 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Equitable by 6.2% during the 1st quarter. Yousif Capital Management LLC now owns 10,896 shares of the company's stock worth $337,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Trading Down 0.6 %

Shares of NYSE EQH traded down $0.23 during mid-day trading on Tuesday, reaching $35.63. The company had a trading volume of 3,515,254 shares, compared to its average volume of 2,673,036. The business's 50-day moving average is $35.36 and its 200-day moving average is $32.10. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 10.60 and a beta of 1.42. Equitable Holdings, Inc. has a 52 week low of $21.89 and a 52 week high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.50 billion. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 6.02 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were paid a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. Equitable's dividend payout ratio is currently 26.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQH. Morgan Stanley raised their target price on shares of Equitable from $39.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. cut shares of Equitable from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. Evercore ISI boosted their price target on shares of Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upped their target price on shares of Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.67.

Insider Activity at Equitable

In other news, insider Nick Lane sold 20,000 shares of Equitable 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 transaction, the insider now owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the completion of the sale, the chief executive officer now owns 695,025 shares in the company, valued at $26,174,641.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick Lane sold 20,000 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total value of $680,400.00. Following the transaction, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,938 shares of company stock valued at $6,890,172. 1.02% of the stock is owned by company insiders.

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.