Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 950,995 shares of the company's stock after selling 10,476 shares during the quarter. Rhumbline Advisers owned about 0.31% of Equitable worth $49,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Norges Bank acquired a new stake in Equitable during the fourth quarter worth about $668,250,000. Wellington Management Group LLP grew its stake in shares of Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after buying an additional 1,261,466 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of 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 buying an additional 1,236,799 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Equitable in the fourth quarter valued at about $53,927,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQH has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Morgan Stanley increased their target price on Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Truist Financial increased their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Evercore ISI lowered their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Equitable presently has an average rating of "Moderate Buy" and a consensus target price of $61.67.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the firm'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 owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This trade represents a 3.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $317,101.62. Following the completion of the sale, the chief operating officer now directly owns 101,646 shares in the company, valued at approximately $4,835,300.22. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,332 shares of company stock valued at $5,976,400. Insiders own 1.10% of the company's stock.

Equitable Stock Up 1.2%

NYSE EQH traded up $0.66 during mid-day trading on Thursday, reaching $53.59. 1,630,496 shares of the company's stock traded hands, compared to its average volume of 2,563,567. 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 company has a fifty day simple moving average of $50.31 and a 200-day simple moving average of $50.47. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 14.03 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last released its 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 return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $1.43 EPS. The company's quarterly revenue was up 105.2% on a year-over-year basis. As a group, equities research analysts expect 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 will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $0.27 dividend. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.02%. Equitable's dividend payout ratio (DPR) is 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.