Voya Investment Management LLC Sells 27,043 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Voya Investment Management LLC lowered its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 457,280 shares of the company's stock after selling 27,043 shares during the period. Voya Investment Management LLC owned about 0.15% of Equitable worth $21,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares during the period. Bessemer Group Inc. grew its holdings in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after buying an additional 357 shares during the last quarter. Assetmark Inc. lifted its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. boosted its position in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after acquiring an additional 1,265 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQH. Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Morgan Stanley dropped their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods increased their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Barclays upped their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.33.

Insider Activity at Equitable

In other news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the transaction, the insider now owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. This represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the sale, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at $38,534,018.96. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,332 shares of company stock valued at $4,141,315. Insiders own 1.10% of the company's stock.

Equitable Stock Up 2.4 %

NYSE:EQH traded up $1.16 during trading hours on Friday, hitting $50.42. 644,704 shares of the stock traded hands, compared to its average volume of 2,620,459. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 13.19 and a beta of 1.23. The firm has a 50 day moving average price of $50.20 and a 200 day moving average price of $49.45.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The business's revenue for the quarter was up 105.2% compared to the same quarter last year. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. Equitable's dividend 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.