Edgestream Partners L.P. Sells 137,085 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Edgestream Partners L.P. cut its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 85.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,218 shares of the company’s stock after selling 137,085 shares during the quarter. Edgestream Partners L.P.’s holdings in Equitable were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake 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 acquiring an additional 352 shares in the last quarter. Covestor Ltd grew its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. Assetmark Inc. grew its position in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Equitable by 298.3% during the 4th 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock worth $80,000 after buying an additional 409 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE EQH opened at $50.64 on Wednesday. The stock has a market cap of $15.59 billion, a PE ratio of 13.26 and a beta of 1.39. 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 firm has a 50-day moving average of $52.24 and a 200-day moving average of $47.44. Equitable Holdings, Inc. has a 52-week low of $33.91 and a 52-week high of $56.00.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) 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, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the sale, the insider now owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,698 shares of company stock worth $6,534,234 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQH. Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company raised their target price on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Truist Financial upped their price target 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

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.