Artemis Investment Management LLP Sells 198,301 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Artemis Investment Management LLP cut its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 20.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,625 shares of the company's stock after selling 198,301 shares during the quarter. Artemis Investment Management LLP owned approximately 0.25% of Equitable worth $40,506,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. grew its holdings in Equitable by 82.7% in the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after buying an additional 817 shares in the last quarter. Truist Financial Corp increased its position in 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. Mn Services Vermogensbeheer B.V. raised its stake in Equitable by 6.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 138,500 shares of the company's stock worth $6,533,000 after purchasing an additional 8,300 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Equitable in the 4th quarter valued at about $4,779,000. Finally, QRG Capital Management Inc. grew its position in shares of Equitable by 5.1% during the 4th quarter. QRG Capital Management Inc. now owns 88,301 shares of the company's stock worth $4,165,000 after purchasing an additional 4,269 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Price Performance

NYSE:EQH traded up $0.15 on Monday, hitting $56.11. The company had a trading volume of 1,366,803 shares, compared to its average volume of 2,563,229. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $58.09. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 15.25 and a beta of 1.15. The firm has a 50 day moving average of $52.33 and a two-hundred day moving average of $51.26.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.50% and a return on equity of 79.05%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm's revenue was up 105.2% on a year-over-year basis. On average, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a $0.27 dividend. The ex-dividend date was Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.92%. Equitable's dividend payout ratio (DPR) is currently 29.35%.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares in the company, valued at approximately $4,835,300.22. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the sale, the chief accounting officer now owns 19,827 shares in the company, valued at $1,052,615.43. This trade represents a 16.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,332 shares of company stock valued at $5,993,760. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. UBS Group lowered their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. upped their target price on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Morgan Stanley increased their target price on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Evercore ISI decreased their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.64.

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.