Oregon Public Employees Retirement Fund Sells 1,023 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Oregon Public Employees Retirement Fund reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,777 shares of the company’s stock after selling 1,023 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Equitable were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after acquiring an additional 338,205 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after purchasing an additional 161,376 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Equitable by 20.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after purchasing an additional 437,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equitable by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after buying an additional 54,380 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Equitable by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock worth $91,000,000 after buying an additional 68,900 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Performance

NYSE EQH opened at $54.10 on Friday. Equitable Holdings, Inc. has a 52-week low of $32.96 and a 52-week high of $56.00. The company has a fifty day moving average of $51.54 and a 200-day moving average of $46.69. The company has a market capitalization of $16.95 billion, a P/E ratio of 14.16 and a beta of 1.39. 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley raised their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.83.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the transaction, the chief executive officer now directly owns 639,939 shares of the company’s stock, valued at approximately $30,275,514.09. This trade represents a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,698 shares of company stock valued at $6,534,234. 1.10% of the stock is currently owned by corporate insiders.

Equitable 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.