Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,991 shares of the company’s stock after selling 7,439 shares during the quarter. Retirement Systems of Alabama’s holdings in Equitable were worth $17,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after buying an additional 352 shares during the period. Covestor Ltd raised its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the third quarter valued at $48,000. UMB Bank n.a. boosted its position in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company decreased their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.67.

Equitable Stock Down 2.4 %

EQH opened at $52.23 on Friday. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of -47.91 and a beta of 1.39. Equitable Holdings, Inc. has a 12 month low of $32.72 and a 12 month high of $54.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50-day moving average of $49.40 and a two-hundred day moving average of $45.31.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. On average, research analysts expect that Equitable Holdings, Inc. will post 6 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. This trade represents a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,032 shares of company stock valued at $7,587,971 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.