Rockefeller Capital Management L.P. Sells 5,869 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Rockefeller Capital Management L.P. reduced its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,510 shares of the company's stock after selling 5,869 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Equitable were worth $4,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock valued at $38,191,000 after purchasing an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Equitable during the fourth quarter worth $295,000. Principal Financial Group Inc. increased its stake in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock worth $89,001,000 after purchasing an additional 148,180 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company's stock valued at $35,476,000 after purchasing an additional 78,725 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Equitable in the 4th quarter valued at about $29,939,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQH has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and raised their price target for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. BMO Capital Markets upped their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and raised their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, Truist Financial upped 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.91.

Equitable Stock Performance

Shares of EQH traded up $1.83 during mid-day trading on Wednesday, hitting $49.43. 392,194 shares of the company's stock were exchanged, compared to its average volume of 2,622,986. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.00. The stock's 50-day simple moving average is $50.84 and its 200-day simple moving average is $49.17. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 12.94 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last released its 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 net margin of 10.51% and a return on equity of 85.70%. On average, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.94%. Equitable's payout ratio is 25.13%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the sale, the chief executive officer now owns 743,206 shares of the company's stock, valued at approximately $35,346,877.36. This trade represents a 3.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock valued at $4,141,315 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

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.