Four Tree Island Advisory LLC Acquires 15,612 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Four Tree Island Advisory LLC grew its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 421,462 shares of the company's stock after purchasing an additional 15,612 shares during the quarter. Equitable makes up 15.4% of Four Tree Island Advisory LLC's holdings, making the stock its biggest position. Four Tree Island Advisory LLC owned about 0.14% of Equitable worth $21,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Equitable in the first quarter valued at about $252,000. Diversified Trust Co boosted its position in Equitable by 51.5% during the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock worth $2,202,000 after acquiring an additional 14,380 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Equitable during the first quarter worth about $255,000. Asset Management One Co. Ltd. boosted its position in Equitable by 15.1% during the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock worth $8,047,000 after acquiring an additional 20,317 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in Equitable during the fourth quarter worth about $7,512,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Activity at Equitable

In other news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $264,550.00. Following the transaction, the insider directly owned 139,073 shares in the company, valued at approximately $7,358,352.43. This represents a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $352,698.06. Following the sale, the chief operating officer directly owned 94,980 shares in the company, valued at approximately $5,025,391.80. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,666 shares of company stock valued at $7,145,208. 1.10% of the stock is owned by insiders.

Equitable Trading Up 1.0%

EQH stock traded up $0.55 during trading on Friday, reaching $52.61. 681,395 shares of the stock were exchanged, compared to its average volume of 2,759,118. 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 business has a 50 day moving average price of $53.52 and a 200-day moving average price of $52.07. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.61. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 14.29 and a beta of 1.15.

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

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued 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 2.05%. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's dividend payout ratio is currently 29.35%.

Analysts Set New Price Targets

EQH has been the topic of a number of recent research reports. Wells Fargo & Company restated an "overweight" rating and set a $66.00 price target (up from $61.00) on shares of Equitable in a research report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating and set a $68.00 price target (up from $67.00) on shares of Equitable in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI reduced their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.30.

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.