Conifer Management L.L.C. Sells 1,000,000 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Conifer Management L.L.C. trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,000,000 shares of the company's stock after selling 1,000,000 shares during the period. Equitable comprises about 31.3% of Conifer Management L.L.C.'s holdings, making the stock its 2nd largest position. Conifer Management L.L.C. owned approximately 1.60% of Equitable worth $235,850,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Equitable during the fourth quarter worth about $668,250,000. Wellington Management Group LLP increased its position in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after purchasing an additional 1,261,466 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock valued at $82,955,000 after purchasing an additional 1,236,799 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the completion of the sale, the chief executive officer now directly owns 743,206 shares in the company, valued at approximately $35,346,877.36. The trade was a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by insiders.

Equitable Trading Down 0.1 %

NYSE EQH opened at $50.26 on Wednesday. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 13.16 and a beta of 1.15. 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 Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The firm's fifty day moving average price is $49.99 and its 200 day moving average price is $49.59.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm's quarterly revenue was up 105.2% compared to the same quarter last year. On average, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.91%. Equitable's payout ratio is currently 26.09%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQH. BMO Capital Markets upped their price target on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and upped their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Morgan Stanley dropped their price objective on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price target on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Equitable currently has an average rating of "Moderate Buy" and a consensus target price of $61.33.

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.

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