New York Life Investment Management LLC Sells 4,702 Shares of Equitable Holdings, Inc. (NYSE:EQH)

New York Life Investment Management LLC reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,215 shares of the company's stock after selling 4,702 shares during the quarter. New York Life Investment Management LLC's holdings in Equitable were worth $1,661,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EQH. Atomi Financial Group Inc. boosted its stake in Equitable by 3.3% in 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 lifted its position 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. Truist Financial Corp lifted its position in Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after buying an additional 257 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after acquiring an additional 283 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Equitable by 5.1% in the 3rd 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. 92.70% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Truist Financial increased their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company increased their price objective on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and lifted their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Barclays upped 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. Finally, JPMorgan Chase & Co. lifted their price objective on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.17.

Equitable Trading Down 2.8 %

Shares of Equitable stock traded down $1.45 during trading on Thursday, hitting $50.78. 689,265 shares of the company were exchanged, compared to its average volume of 2,753,530. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm has a market capitalization of $15.63 billion, a P/E ratio of 13.29 and a beta of 1.39. The firm's fifty day moving average price is $51.93 and its 200 day moving average price is $47.09. Equitable Holdings, Inc. has a 1-year low of $33.28 and a 1-year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) 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 net margin of 10.51% and a return on equity of 85.70%. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 5th. Equitable's dividend payout ratio is currently 25.13%.

Insider Buying and Selling

In other news, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the sale, the insider now owns 141,629 shares of the company's stock, valued at $6,492,273.36. This represents a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,698 shares of company stock valued at $6,534,234. 1.10% of the stock is owned by company insiders.

Equitable 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.