Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,215 shares of the company’s stock after selling 4,702 shares during the quarter. New York Life Investment Management LLC’s holdings in Equitable were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its holdings in shares of Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd grew its stake in shares of 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. Truist Financial Corp increased its position in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after acquiring an additional 257 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after acquiring an additional 283 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after purchasing an additional 332 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In other news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 in the last 90 days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. 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 report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.17.

Equitable Stock Performance

NYSE EQH opened at $55.03 on Monday. The company has a fifty day moving average of $51.71 and a two-hundred day moving average of $46.92. The company has a market capitalization of $16.94 billion, a PE ratio of 14.41 and a beta of 1.39. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last announced its earnings results 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 net margin of 10.51% and a return on equity of 85.70%. As a group, analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.74%. 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.