Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 524,200 shares of the company's stock after selling 17,181 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.17% of Equitable worth $24,727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EQH. Barclays PLC lifted its holdings in Equitable by 13.5% during the third quarter. Barclays PLC now owns 501,498 shares of the company's stock worth $21,076,000 after acquiring an additional 59,844 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Equitable by 2.9% in the 3rd quarter. Retirement Systems of Alabama now owns 388,430 shares of the company's stock valued at $16,326,000 after purchasing an additional 11,085 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock worth $89,001,000 after buying an additional 148,180 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after purchasing an additional 153,457 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Stock Up 2.2 %

Shares of EQH stock traded up $1.07 during trading hours on Friday, reaching $50.33. 590,180 shares of the company's stock were exchanged, compared to its average volume of 2,620,266. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The stock's fifty day moving average price is $50.20 and its two-hundred day moving average price is $49.45. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The stock has a market cap of $15.44 billion, a PE ratio of 13.17 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last posted 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 business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equitable's revenue was up 105.2% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. Research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is currently 25.13%.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated 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 directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock worth $4,141,315 in the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Barclays upped their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.33.

About Equitable

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.