34,360 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,360 shares of the company's stock, valued at approximately $1,144,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQH. Blue Trust Inc. increased its holdings in shares of Equitable by 126.2% during the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company's stock valued at $42,000 after purchasing an additional 704 shares during the period. UMB Bank n.a. increased its stake in Equitable by 128.3% during the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company's stock valued at $52,000 after buying an additional 1,034 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Equitable during the 3rd quarter worth about $67,000. UniSuper Management Pty Ltd acquired a new stake in shares of Equitable in the 2nd quarter worth approximately $71,000. Finally, CWM LLC boosted its holdings in shares of Equitable by 23.6% in the third quarter. CWM LLC now owns 2,647 shares of the company's stock valued at $75,000 after acquiring an additional 506 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Activity

In related news, insider Nick Lane sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $32.29, for a total value of $322,900.00. Following the completion of the transaction, the insider now owns 154,132 shares of the company's stock, valued at approximately $4,976,922.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Equitable news, CEO Mark Pearson sold 60,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now owns 619,625 shares of the company's stock, valued at $20,063,457.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick Lane sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total value of $322,900.00. Following the transaction, the insider now owns 154,132 shares of the company's stock, valued at $4,976,922.28. The disclosure for this sale can be found here. Insiders have sold 211,938 shares of company stock worth $7,213,072 over the last 90 days. 1.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQH. UBS Group boosted their target price on Equitable from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Equitable from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Finally, Jefferies Financial Group raised their target price on Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.89.

Equitable Trading Down 0.6 %

Shares of NYSE EQH traded down $0.23 during mid-day trading on Tuesday, reaching $37.59. The company had a trading volume of 2,596,903 shares, compared to its average volume of 2,650,261. The company has a 50-day moving average price of $35.04 and a two-hundred day moving average price of $31.85. The stock has a market cap of $12.39 billion, a PE ratio of 11.12 and a beta of 1.42. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.50 billion. On average, research analysts expect that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.34%. Equitable's dividend payout ratio is currently 26.04%.

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.