5 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital

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

Soapstone Capital’s Stake Value: $31 million

Percentage of Soapstone Capital’s Portfolio: 14.32%

Number of Hedge Fund Holders: 45

Soapstone Capital has held a position in Equitable Holdings, Inc. (NYSE:EQH) since the first quarter of 2021. The company’s strategy of offering dividends to shareholders also makes it a good stock to hold for the long term. EQH shares currently yield 2.35% as of March 7.

The diversified financial services company generated a strong capital return of $1.9 billion in 2021 and authorized a new share repurchase program of $1.2 billion. In 2021, its non-GAAP EPS increased by 32% from the previous year. Moreover, its stock is trading at around only 6.55x forward earnings compared to the industry average of 11x. 

Equitable Holdings, Inc. (NYSE:EQH) was in 45 hedge funds’ portfolios as of December 31, 2021.