New York State Common Retirement Fund Sells 6,808 Shares of Equitable Holdings, Inc. (NYSE:EQH)

New York State Common Retirement Fund lessened its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,500 shares of the company's stock after selling 6,808 shares during the period. New York State Common Retirement Fund owned about 0.06% of Equitable worth $10,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EQH. Norges Bank bought a new stake in Equitable during the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP increased its holdings in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after purchasing an additional 3,303,449 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock worth $110,286,000 after purchasing an additional 2,071,691 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Equitable by 237.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after purchasing an additional 1,236,799 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Equitable during the 4th quarter worth approximately $53,927,000. Institutional investors own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $68.00 price target (up from $67.00) on shares of Equitable in a report on Monday, July 14th. Keefe, Bruyette & Woods raised their price target on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Wells Fargo & Company reiterated an "overweight" rating and issued a $66.00 price objective (up previously from $61.00) on shares of Equitable in a research report on Thursday, July 10th. Finally, Evercore ISI lowered their price objective 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 investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.18.

Insider Buying and Selling at Equitable

In related news, 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 owned 19,827 shares of the company's stock, valued at $1,052,615.43. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $52.22, for a total transaction of $1,566,600.00. Following the completion of the sale, the chief executive officer directly owned 714,367 shares of the company's stock, valued at $37,304,244.74. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,666 shares of company stock worth $7,145,208 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Performance

Shares of NYSE:EQH traded up $0.29 on Friday, reaching $52.90. The company's stock had a trading volume of 1,627,109 shares, compared to its average volume of 2,549,442. The stock's 50-day moving average is $53.62 and its two-hundred day moving average is $51.99. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $16.08 billion, a P/E ratio of 14.38 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. During the same quarter last year, the business posted $1.43 earnings per share. The business's revenue was up 105.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Equitable's previous quarterly dividend of $0.24. Equitable's payout ratio is 29.35%.

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.