Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 24.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,106,018 shares of the company's stock after selling 362,894 shares during the quarter. Los Angeles Capital Management LLC owned about 0.36% of Equitable worth $57,612,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Natixis Advisors LLC boosted its position in Equitable by 109.7% during the 4th quarter. Natixis Advisors LLC now owns 69,871 shares of the company's stock valued at $3,296,000 after acquiring an additional 36,550 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Equitable by 23,697.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,567 shares of the company's stock valued at $404,000 after purchasing an additional 8,531 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Equitable by 0.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 114,199 shares of the company's stock worth $5,387,000 after purchasing an additional 879 shares during the period. Summit Global Investments increased its holdings in Equitable by 710.4% during the 4th quarter. Summit Global Investments now owns 138,740 shares of the company's stock worth $6,544,000 after purchasing an additional 121,621 shares during the period. Finally, Sei Investments Co. increased its holdings in Equitable by 14.0% during the fourth quarter. Sei Investments Co. now owns 422,373 shares of the company's stock valued at $19,923,000 after buying an additional 51,838 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. UBS Group cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Wells Fargo & Company restated an "overweight" rating and issued a $66.00 price target (up from $61.00) on shares of Equitable in a research report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating and issued a $68.00 target price (up from $67.00) on shares of Equitable in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Equitable currently has an average rating of "Moderate Buy" and a consensus price target of $64.18.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm'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 transaction of $352,698.06. Following the completion of the sale, the chief operating officer owned 94,980 shares of the company's stock, valued at $5,025,391.80. This trade represents a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction on Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the transaction, the chief accounting officer directly owned 19,827 shares in the company, valued at $1,052,615.43. This represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,666 shares of company stock valued at $7,145,208. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Up 0.6%

NYSE:EQH traded up $0.29 during midday trading on Friday, reaching $52.90. The company had a trading volume of 1,627,109 shares, compared to its average volume of 2,549,442. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.61. 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 firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 14.38 and a beta of 1.15. The stock's fifty day simple moving average is $53.62 and its 200-day simple moving average is $52.02.

Equitable (NYSE:EQH - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The firm's quarterly revenue was up 105.2% on a year-over-year basis. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

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