Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,658 shares of the company’s stock after selling 5,063 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Equitable were worth $8,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after acquiring an additional 153,457 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Equitable during the fourth quarter worth about $295,000. Principal Financial Group Inc. boosted its position in Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after buying an additional 148,180 shares during the last quarter. Vest Financial LLC increased its holdings in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after buying an additional 78,725 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Equitable during the 4th quarter worth approximately $29,939,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares of the company’s stock, valued at $5,039,221.85. The trade was a 6.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,332 shares of company stock worth $5,364,610. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company increased their price target on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Finally, BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.75.

Equitable Trading Up 0.9 %

Shares of EQH stock opened at $52.14 on Tuesday. The stock has a 50 day simple moving average of $53.02 and a 200-day simple moving average of $48.56. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 13.65 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company 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 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

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.