Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.7% in the 4th quarter, Holdings Channel reports. The fund owned 124,458 shares of the company’s stock after selling 3,512 shares during the period. State of Tennessee Department of Treasury’s holdings in Equitable were worth $5,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares during the last quarter. Mizuho Bank Ltd. grew its position in shares of Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after buying an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after buying an additional 1,265 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now owns 139,073 shares in the company, valued at $6,615,702.61. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock valued at $4,141,315 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on EQH. BMO Capital Markets raised their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on Equitable from $62.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lifted their target price on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.91.

Equitable Stock Performance

EQH stock opened at $49.99 on Friday. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 13.09 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock’s fifty day moving average is $50.60 and its two-hundred day moving average is $49.22.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, 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 yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is 25.13%.

Equitable 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.