Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 20.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 331,824 shares of the company's stock after selling 83,750 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.11% of Equitable worth $17,285,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Equitable during the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP raised its holdings in Equitable by 59.9% during the fourth 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. Alyeska Investment Group L.P. lifted its position in Equitable by 237.0% in 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 acquiring an additional 1,236,799 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Equitable in the 4th quarter valued at about $53,927,000. Finally, Man Group plc lifted its stake in Equitable by 616.6% in the fourth quarter. Man Group plc now owns 1,245,568 shares of the company's stock valued at $58,753,000 after buying an additional 1,071,763 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Price Performance

Equitable stock opened at $55.97 on Friday. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.39. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a 50 day moving average price of $52.33 and a 200 day moving average price of $51.24. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 15.21 and a beta of 1.15.

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

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $0.27 dividend. This is a positive change from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's payout ratio is currently 29.35%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EQH shares. Wells Fargo & Company increased their target price on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Evercore ISI cut their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.64.

Insider Buying and Selling at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were 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 of the company's stock, valued at approximately $35,346,877.36. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,332 shares of company stock valued at $5,993,760 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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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