Four Tree Island Advisory LLC Purchases New Shares in Equitable Holdings, Inc. (NYSE:EQH)

Four Tree Island Advisory LLC acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 405,850 shares of the company’s stock, valued at approximately $19,144,000. Equitable accounts for 13.2% of Four Tree Island Advisory LLC’s portfolio, making the stock its 3rd largest position. Four Tree Island Advisory LLC owned about 0.13% of Equitable at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EQH. Atomi Financial Group Inc. increased its stake in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd increased its stake in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after acquiring an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after acquiring an additional 332 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. This trade represents a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,032 shares of company stock worth $7,587,971. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQH. Wells Fargo & Company reduced their price objective on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

Equitable Trading Up 2.8 %

EQH opened at $53.70 on Monday. The business’s 50 day moving average price is $49.51 and its 200 day moving average price is $45.43. 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 has a market capitalization of $16.83 billion, a PE ratio of 14.06 and a beta of 1.39. Equitable Holdings, Inc. has a one year low of $32.72 and a one year high of $54.82.

Equitable (NYSE:EQH) last released its quarterly earnings results 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%. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.24 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) 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.