Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,458 shares of the company’s stock after selling 3,512 shares during the period. State of Tennessee Department of Treasury’s holdings in Equitable were worth $5,871,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after buying an additional 357 shares in the last quarter. Assetmark Inc. grew its stake in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. increased its holdings in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after acquiring an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after acquiring an additional 1,265 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EQH. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their target price on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average target price of $60.91.

Insider Transactions at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares in the company, valued at $4,835,300.22. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company’s stock, valued at $7,109,411.76. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock worth $4,141,315 in the last three months. 1.10% of the stock is currently owned by company insiders.

Equitable Price Performance

EQH opened at $49.99 on Friday. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company’s 50 day simple moving average is $50.60 and its 200 day simple moving average is $49.22. The stock has a market capitalization of $15.34 billion, a PE ratio of 13.09 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.92%. Equitable’s dividend payout ratio is presently 25.13%.

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.