California Public Employees Retirement System Has $22.12 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

California Public Employees Retirement System reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 664,110 shares of the company's stock after selling 34,779 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Equitable worth $22,115,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC boosted its position in shares of Equitable by 143.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company's stock worth $33,000 after acquiring an additional 591 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company's stock valued at $42,000 after purchasing an additional 704 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Equitable by 128.3% in the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company's stock valued at $52,000 after purchasing an additional 1,034 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Equitable during the 3rd quarter valued at approximately $67,000. Finally, CWM LLC raised its stake in Equitable by 23.6% during the 3rd quarter. CWM LLC now owns 2,647 shares of the company's stock valued at $75,000 after acquiring an additional 506 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

NYSE:EQH traded up $0.59 during trading hours on Monday, reaching $37.48. 2,423,146 shares of the company traded hands, compared to its average volume of 2,612,844. The firm's 50-day moving average is $35.90 and its 200-day moving average is $32.68. The stock has a market cap of $12.28 billion, a P/E ratio of 11.09 and a beta of 1.42. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. As a group, research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The company 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 2.35%. Equitable's dividend payout ratio (DPR) is 26.04%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Evercore ISI upped their price objective on Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. UBS Group upped their price objective on Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Wells Fargo & Company increased their target price 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 increased their target price on Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley increased their target price on Equitable from $39.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.67.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the sale, the chief executive officer now owns 685,025 shares of the company's stock, valued at $24,825,306. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $1,087,200.00. Following the transaction, the chief executive officer now owns 685,025 shares in the company, valued at $24,825,306. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $361,276.56. Following the completion of the transaction, the chief operating officer now owns 141,062 shares in the company, valued at approximately $5,112,086.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,907 shares of company stock worth $8,338,649. Corporate insiders own 1.02% of the company's stock.

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.