5 Best Value Stocks to Buy in 2022 According to Richard Pzena

1. Equitable Holdings, Inc. (NYSE:EQH)

Number of Hedge Fund Holders: 45

P/E Ratio as of May 20: 7.29

Equitable Holdings, Inc. (NYSE:EQH) is a diversified financial services company operating worldwide, with segments including Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. Richard Pzena’s hedge fund held about 22 million shares of Equitable Holdings, Inc. (NYSE:EQH), worth $677.75 million, representing 2.56% of the total 13F portfolio. 

On May 9, Equitable Holdings, Inc. (NYSE:EQH) reported its Q1 results, posting earnings per share of $1.36, missing market estimates by $0.15. The first quarter revenue of $3.94 billion grew 13.56% year-over-year, outperforming Street estimates by $334.18 million. 

Equitable Holdings, Inc. (NYSE:EQH) on May 20 declared a $0.20 per share quarterly dividend, an 11.1% increase from its prior dividend of $0.18. The dividend is payable on June 6, to shareholders of record on May 30. Equitable Holdings, Inc. (NYSE:EQH)’s dividend yield on May 20 came in at 2.59%. 

Barclays analyst Tracy Benguigui on May 12 reiterated an Overweight on Equitable Holdings, Inc. (NYSE:EQH) and lowered the price target on the stock to $37 from $43. The company’s Q1 earnings “strain owed to a weaker equity market is tempered by strong sales and positive net flows”, the analyst told investors.

According to Insider Monkey’s Q4 data, 45 hedge funds were bullish on Equitable Holdings, Inc. (NYSE:EQH), with collective stakes worth $1.6 billion, compared to 46 funds in the earlier quarter, holding stakes in the company valued at $1.70 billion.

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital and 10 Best Stocks to Buy Now According to Billionaire David Harding.

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