Mutual of America Capital Management LLC Sells 6,016 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mutual of America Capital Management LLC trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 159,502 shares of the company's stock after selling 6,016 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Equitable worth $8,308,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in shares of Equitable during the 1st quarter valued at approximately $26,000. Bessemer Group Inc. grew its position in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. grew its position in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the period. Mizuho Bank Ltd. grew its position in shares of Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the period. Finally, McIlrath & Eck LLC grew its position in shares of Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after acquiring an additional 841 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Activity

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider directly owned 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction 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 of the company's stock, valued at $5,025,391.80. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,332 shares of company stock valued at $5,993,760 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Down 1.8%

Shares of NYSE:EQH opened at $52.80 on Monday. The firm has a fifty day moving average price of $53.45 and a two-hundred day moving average price of $51.83. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.61. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 14.35 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last announced 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 net margin of 8.50% and a return on equity of 79.05%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm's revenue for the quarter was up 105.2% on a year-over-year basis. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.05%. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. Equitable's dividend payout ratio (DPR) is presently 29.35%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of Equitable from $61.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday. UBS Group cut their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Morgan Stanley raised their price objective 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, Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Equitable currently has an average rating of "Moderate Buy" and an average price target of $64.09.

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.

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