T. Rowe Price Investment Management Inc. Has $24.73 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

T. Rowe Price Investment Management Inc. decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,200 shares of the company’s stock after selling 17,181 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.17% of Equitable worth $24,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Equitable by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company’s stock worth $1,003,705,000 after purchasing an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Equitable by 0.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company’s stock worth $897,752,000 after purchasing an additional 79,999 shares during the period. Norges Bank bought a new stake in shares of Equitable in the fourth quarter worth $668,250,000. Wellington Management Group LLP raised its position in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after purchasing an additional 3,303,449 shares during the last quarter. Finally, Invesco Ltd. raised its position in Equitable by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company’s stock worth $381,560,000 after purchasing an additional 355,078 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Barclays increased their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company lowered their price objective on Equitable from $62.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. upped their target price on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average price target of $60.91.

Equitable Trading Down 0.8 %

NYSE EQH opened at $49.67 on Friday. 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 business has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $49.31. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The firm has a market capitalization of $15.24 billion, a P/E ratio of 13.00 and a beta of 1.23.

Equitable (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 EPS 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, analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction 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 sale, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’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 of the company’s stock, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is owned by company insiders.

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.