405,850 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 405,850 shares of the company's stock, valued at approximately $19,144,000. Equitable makes up 13.2% of Four Tree Island Advisory LLC's holdings, making the stock its 3rd biggest position. Four Tree Island Advisory LLC owned about 0.13% of Equitable as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its holdings in shares of Equitable by 3.3% in the 4th 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 stake in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Equitable by 2.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock valued at $631,000 after acquiring an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after acquiring an additional 352 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $315,368.46. Following the completion of the sale, the chief operating officer now directly owns 98,875 shares of the company's stock, valued at $4,677,776.25. This trade represents a 6.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 629,939 shares of the company's stock, valued at approximately $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,032 shares of company stock valued at $7,587,971. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Up 0.2 %

EQH traded up $0.10 during trading on Thursday, hitting $53.75. 1,962,719 shares of the company's stock traded hands, compared to its average volume of 2,847,828. The company's 50 day simple moving average is $50.00 and its two-hundred day simple moving average is $45.70. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12-month low of $32.96 and a 12-month high of $54.82. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 14.07 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results 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%. Analysts predict that Equitable Holdings, Inc. will post 7.24 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.79%. Equitable's dividend payout ratio is 25.13%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EQH shares. BMO Capital Markets started coverage on Equitable in a research note on Thursday, January 23rd. They issued an "outperform" rating and a $70.00 target price for the company. JPMorgan Chase & Co. upped their price target on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. Wells Fargo & Company decreased their target price on Equitable from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and increased their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.

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.