Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 961,471 shares of the company’s stock after selling 45,306 shares during the period. Rhumbline Advisers’ holdings in Equitable were worth $45,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after acquiring an additional 1,367,837 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Equitable by 1,092.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock worth $41,302,000 after acquiring an additional 802,160 shares during the period. Four Tree Island Advisory LLC acquired a new stake in shares of Equitable in the 4th quarter worth approximately $19,144,000. National Pension Service grew its holdings in shares of Equitable by 23,851.6% in the 3rd quarter. National Pension Service now owns 396,399 shares of the company’s stock worth $16,661,000 after acquiring an additional 394,744 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Equitable by 1,133.8% in the 3rd quarter. Bank of Montreal Can now owns 388,941 shares of the company’s stock worth $16,328,000 after acquiring an additional 357,417 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total transaction of $364,296.90. Following the completion of the sale, the chief operating officer now directly owns 92,209 shares in the company, valued at $5,039,221.85. This represents a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares of the company’s stock, valued at approximately $30,275,514.09. This represents a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,032 shares of company stock worth $6,165,071 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets initiated coverage on Equitable in a report on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price target on the stock. Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company reduced their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, Morgan Stanley upped their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus price target of $55.92.

Equitable Trading Up 3.0 %

Shares of Equitable stock opened at $55.36 on Tuesday. Equitable Holdings, Inc. has a fifty-two week low of $32.96 and a fifty-two week high of $55.78. The firm has a market cap of $17.35 billion, a PE ratio of 14.49 and a beta of 1.39. The business’s fifty day moving average is $50.34 and its two-hundred day moving average is $45.92. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Analysts anticipate that Equitable Holdings, Inc. will post 7.24 earnings per share for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. Equitable’s payout ratio is 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.