Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 10.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 123,500 shares of the company's stock after selling 15,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Equitable were worth $6,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Equitable by 0.7% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 237,969 shares of the company's stock valued at $12,396,000 after buying an additional 1,722 shares during the period. Ritholtz Wealth Management raised its position in shares of Equitable by 6.7% during the 1st quarter. Ritholtz Wealth Management now owns 30,791 shares of the company's stock worth $1,604,000 after purchasing an additional 1,938 shares during the last quarter. Hennessy Advisors Inc. lifted its position in shares of Equitable by 20.0% in the first quarter. Hennessy Advisors Inc. now owns 24,000 shares of the company's stock valued at $1,250,000 after acquiring an additional 4,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Equitable by 26.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,841 shares of the company's stock valued at $1,815,000 after purchasing an additional 7,240 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Equitable by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock worth $268,000 after purchasing an additional 299 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group lowered their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. BMO Capital Markets increased their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised 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. Finally, Evercore ISI reduced their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average price target of $61.67.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $317,101.62. Following the transaction, the chief operating officer now directly owns 101,646 shares of the company's stock, valued at $4,835,300.22. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the completion of the sale, the chief executive officer now directly owns 724,367 shares of the company's stock, valued at approximately $38,521,837.06. This trade represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,332 shares of company stock valued at $5,781,400 in the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Trading Up 0.7%

Shares of NYSE:EQH traded up $0.36 during mid-day trading on Friday, reaching $53.23. 5,752,800 shares of the company were exchanged, compared to its average volume of 2,563,085. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. 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 simple moving average is $51.40 and its 200 day simple moving average is $50.90. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 14.46 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company's quarterly revenue was up 105.2% on a year-over-year basis. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.03%. This is a boost from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. Equitable's dividend payout ratio (DPR) is 29.35%.

Equitable Company 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.