Qsemble Capital Management LP Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

Qsemble Capital Management LP purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,369 shares of the company's stock, valued at approximately $1,477,000.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in shares of Equitable by 1.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company's stock worth $783,000 after purchasing an additional 418 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Equitable by 143.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company's stock worth $33,000 after purchasing an additional 591 shares during the period. Truist Financial Corp lifted its stake in shares of Equitable by 9.5% in the 4th quarter. Truist Financial Corp now owns 7,888 shares of the company's stock worth $263,000 after purchasing an additional 684 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Equitable by 3.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,793 shares of the company's stock worth $726,000 after purchasing an additional 700 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company's stock worth $42,000 after purchasing an additional 704 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Price Performance

Shares of Equitable stock traded up $0.20 during trading on Friday, reaching $39.84. 2,237,900 shares of the stock traded hands, compared to its average volume of 2,637,231. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 12.33 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $22.46 and a 52-week high of $39.94. The business has a fifty day simple moving average of $36.79 and a two-hundred day simple moving average of $33.42.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.59 billion. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. On average, research analysts predict that Equitable Holdings, Inc. will post 6.08 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable's dividend payout ratio is presently 27.24%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQH. Wells Fargo & Company lowered their price objective on shares of Equitable from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday. Evercore ISI increased their price objective on shares of Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Morgan Stanley lifted their target price on shares of Equitable from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Truist Financial increased their price target on Equitable from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Equitable from $41.00 to $43.00 and gave the company a "market perform" rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and an average target price of $40.10.

Insider Activity at Equitable

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of Equitable 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 completion of the transaction, the insider now directly owns 88,660 shares of the company's stock, valued at approximately $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Seth P. Bernstein sold 152,473 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the sale, the insider now directly owns 88,660 shares in the company, valued at approximately $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Monday, April 15th. The shares were 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 in the company, valued at $24,825,306. The disclosure for this sale can be found here. Insiders have sold a total of 314,380 shares of company stock valued at $11,518,571 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.

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