Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 577,178 shares of the company's stock after selling 67,860 shares during the quarter. California Public Employees Retirement System owned 0.18% of Equitable worth $27,225,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised 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 buying an additional 352 shares during the last quarter. Assetmark Inc. raised its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $80,000 after purchasing an additional 1,265 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Equitable by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after purchasing an additional 409 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock worth $85,000 after purchasing an additional 817 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial upped their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price objective on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. BMO Capital Markets upped their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Barclays lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.75.

Equitable Trading Down 2.4 %

Shares of EQH stock traded down $1.06 on Tuesday, reaching $43.80. 3,407,080 shares of the stock were exchanged, compared to its average volume of 2,602,550. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00. The stock has a market cap of $13.44 billion, a P/E ratio of 11.47 and a beta of 1.23. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a 50 day moving average of $52.25 and a two-hundred day moving average of $48.83.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 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, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 2.19%. Equitable's dividend payout ratio is currently 25.13%.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on 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 transaction, the chief executive officer now owns 629,939 shares in the company, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total value of $364,296.90. Following the completion of the sale, the chief operating officer now owns 92,209 shares of the company's stock, valued at approximately $5,039,221.85. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,332 shares of company stock valued at $5,364,610 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.