Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 697,807 shares of the company's stock after selling 24,212 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Equitable worth $36,349,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Equitable in the first quarter valued at approximately $26,000. Bessemer Group Inc. lifted its holdings in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares in the last quarter. Assetmark Inc. boosted its position 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 buying an additional 199 shares during the period. Mizuho Bank Ltd. grew its stake in shares of Equitable by 61.4% in 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 in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer owned 19,827 shares in the company, valued at $1,052,615.43. This represents a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the transaction, the chief executive officer directly owned 724,367 shares in the company, valued at $38,521,837.06. The trade was a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,332 shares of company stock worth $5,993,760. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EQH has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on 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 upped their target price on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. UBS Group decreased their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Morgan Stanley boosted their price target on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company raised their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.64.

Equitable Stock Down 0.3%

Shares of NYSE:EQH traded down $0.18 during trading on Thursday, hitting $55.67. 1,391,150 shares of the company were exchanged, compared to its average volume of 2,550,667. 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 firm's 50 day moving average price is $52.85 and its 200-day moving average price is $51.39. The stock has a market capitalization of $16.92 billion, a P/E ratio of 15.13 and a beta of 1.15. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.61.

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

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is currently 29.35%.

About Equitable

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.