Yousif Capital Management LLC Buys 144,981 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Yousif Capital Management LLC lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1,739.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,314 shares of the company's stock after buying an additional 144,981 shares during the period. Yousif Capital Management LLC's holdings in Equitable were worth $5,105,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Equitable by 1.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company's stock worth $783,000 after acquiring an additional 418 shares during the period. CWM LLC lifted its stake in Equitable by 23.6% during the third quarter. CWM LLC now owns 2,647 shares of the company's stock valued at $75,000 after purchasing an additional 506 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Equitable by 143.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company's stock valued at $33,000 after purchasing an additional 591 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Equitable by 0.8% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,097 shares of the company's stock valued at $2,416,000 after purchasing an additional 700 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Equitable by 3.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,793 shares of the company's stock valued at $726,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Price Performance

Equitable stock traded down $0.24 during trading hours on Friday, hitting $36.89. The company had a trading volume of 2,171,755 shares, compared to its average volume of 2,615,145. The firm has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. The firm's fifty day moving average is $35.85 and its 200-day moving average is $32.55. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. Analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, February 23rd. Equitable's dividend payout ratio is 26.04%.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the business's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the completion of the sale, the chief operating officer now directly owns 141,062 shares of the company's stock, valued at $5,112,086.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jeffrey J. Hurd sold 9,969 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.24, for a total transaction of $361,276.56. Following the completion of the sale, the chief operating officer now directly owns 141,062 shares of the company's stock, valued at approximately $5,112,086.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 60,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 619,625 shares of the company's stock, valued at $20,063,457.50. The disclosure for this sale can be found here. Insiders sold 241,907 shares of company stock valued at $8,338,649 over the last ninety days. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQH shares. Evercore ISI increased their target price on shares of Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Morgan Stanley increased their target price on shares of Equitable from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Jefferies Financial Group boosted their price target on shares of Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $39.00 to $41.00 and gave the company a "market perform" rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered shares of Equitable from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Equitable has an average rating of "Moderate Buy" and an average target price of $39.67.

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.