Public Employees Retirement System of Ohio Sells 10,091 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Public Employees Retirement System of Ohio trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,571 shares of the company's stock after selling 10,091 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Equitable were worth $5,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Equitable by 13.5% during the 3rd quarter. Barclays PLC now owns 501,498 shares of the company's stock valued at $21,076,000 after purchasing an additional 59,844 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Equitable by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,936 shares of the company's stock valued at $846,000 after buying an additional 448 shares during the last quarter. Blue Trust Inc. raised its position in shares of Equitable by 37.5% during the 4th quarter. Blue Trust Inc. now owns 10,931 shares of the company's stock worth $516,000 after purchasing an additional 2,983 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Equitable by 94.0% in the 4th quarter. Pacer Advisors Inc. now owns 90,485 shares of the company's stock worth $4,268,000 after purchasing an additional 43,837 shares during the last quarter. Finally, R Squared Ltd bought a new position in Equitable during the 4th quarter worth $308,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Down 0.4%

Shares of EQH traded down $0.20 during mid-day trading on Monday, reaching $52.67. The company's stock had a trading volume of 1,466,102 shares, compared to its average volume of 2,571,301. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 13.79 and a beta of 1.15. The business has a fifty day moving average of $50.28 and a 200 day moving average of $50.43.

Equitable (NYSE:EQH - Get Free Report) last issued 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). The firm had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. As a group, analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Monday, June 2nd. This is a positive change from Equitable's previous quarterly dividend of $0.24. Equitable's payout ratio is presently 29.35%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their price target on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group reduced their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Morgan Stanley raised their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods upped their target price on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.67.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. This trade represents a 3.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $317,101.62. Following the transaction, the chief operating officer now directly owns 101,646 shares of the company's stock, valued at approximately $4,835,300.22. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,332 shares of company stock valued at $5,976,400 over the last quarter. Insiders own 1.10% of the company's stock.

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.