Tidal Investments LLC Cuts Position in Equitable Holdings, Inc. (NYSE:EQH)

Tidal Investments LLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,162 shares of the company's stock after selling 6,627 shares during the period. Tidal Investments LLC's holdings in Equitable were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Barclays PLC grew its position in shares of 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 acquiring an additional 59,844 shares during the period. Janney Montgomery Scott LLC boosted its position in Equitable by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,936 shares of the company's stock worth $846,000 after purchasing an additional 448 shares in the last quarter. Blue Trust Inc. grew its holdings in Equitable by 37.5% in the fourth quarter. Blue Trust Inc. now owns 10,931 shares of the company's stock valued at $516,000 after purchasing an additional 2,983 shares during the period. Pacer Advisors Inc. grew its stake in Equitable by 94.0% in the 4th quarter. Pacer Advisors Inc. now owns 90,485 shares of the company's stock valued at $4,268,000 after acquiring an additional 43,837 shares during the period. Finally, Smith Group Asset Management LLC acquired a new stake in Equitable in the 4th quarter worth about $305,000. Institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EQH. Keefe, Bruyette & Woods raised their price target on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Evercore ISI reduced their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lifted their price target on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.67.

Equitable Price Performance

EQH stock traded up $0.39 on Tuesday, reaching $53.09. The company had a trading volume of 237,222 shares, compared to its average volume of 2,562,169. The company's fifty day moving average is $50.28 and its 200 day moving average is $50.43. The company has a market cap of $16.13 billion, a P/E ratio of 13.90 and a beta of 1.15. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last issued 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). The company 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 firm's revenue was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company 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 dividend of $0.27 per share. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. Equitable's dividend payout ratio is presently 29.35%.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the transaction, the insider now owns 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.90, for a total transaction of $1,587,000.00. Following the completion of the transaction, the chief executive officer now owns 733,206 shares in the company, valued at approximately $38,786,597.40. This trade represents a 3.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 118,332 shares of company stock valued at $5,976,400. Company 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.