Mutual of America Capital Management LLC Trims Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Mutual of America Capital Management LLC cut its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,518 shares of the company's stock after selling 7,294 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Equitable worth $7,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MQS Management LLC bought a new stake in Equitable in the 3rd quarter valued at about $587,000. JPMorgan Chase & Co. increased its position in Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock valued at $38,191,000 after buying an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Equitable in the 4th quarter valued at about $295,000. Principal Financial Group Inc. increased its position in Equitable by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after buying an additional 148,180 shares in the last quarter. Finally, Vest Financial LLC increased its position in 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 buying an additional 78,725 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and boosted their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Morgan Stanley boosted their price objective on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.17.

Remove Ads

Equitable Stock Performance

Shares of Equitable stock traded down $1.85 during trading hours on Thursday, hitting $50.38. 719,952 shares of the company's stock traded hands, compared to its average volume of 2,403,937. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 13.24 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $32.96 and a 12-month high of $56.00. 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 company has a fifty day simple moving average of $51.93 and a 200-day simple moving average of $47.09.

Equitable (NYSE:EQH - Get Free Report) last posted 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 return on equity of 85.70% and a net margin of 10.51%. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.91%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the sale, the chief executive officer now owns 639,939 shares of the company's stock, valued at $30,275,514.09. This trade represents a 4.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,698 shares of company stock worth $6,534,234. Insiders own 1.10% of the company's stock.

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.