BTC Capital Management Inc. Sells 5,630 Shares of Equitable Holdings, Inc. (NYSE:EQH)

BTC Capital Management Inc. trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,015 shares of the company's stock after selling 5,630 shares during the quarter. BTC Capital Management Inc.'s holdings in Equitable were worth $2,595,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Equitable by 195.6% during 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 period. Covestor Ltd grew its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Equitable in the third quarter valued at about $48,000. UMB Bank n.a. raised its stake in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after acquiring an additional 718 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares of the company's stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the sale, the insider now directly owns 141,629 shares of the company's stock, valued at $6,492,273.36. The trade was a 15.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 161,698 shares of company stock worth $7,904,806 in the last three months. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Equitable from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Barclays raised 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. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and boosted their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.67.

Equitable Stock Down 1.0 %

Equitable stock traded down $0.52 during mid-day trading on Tuesday, hitting $53.25. The company had a trading volume of 2,013,260 shares, compared to its average volume of 2,751,023. Equitable Holdings, Inc. has a 12 month low of $32.21 and a 12 month high of $54.82. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock's 50 day moving average price is $49.11 and its two-hundred day moving average price is $45.12. The company has a market capitalization of $16.68 billion, a PE ratio of -48.85 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable's revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is currently -88.07%.

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.