Yousif Capital Management LLC Sells 6,349 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Yousif Capital Management LLC lessened its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,383 shares of the company's stock after selling 6,349 shares during the period. Yousif Capital Management LLC's holdings in Equitable were worth $5,443,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares during the last quarter. Covestor Ltd lifted its position in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 246 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable in the 3rd quarter worth about $48,000. UMB Bank n.a. lifted its position in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after purchasing an additional 718 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% in the 4th 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. Institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

NYSE EQH traded up $0.03 during trading hours on Monday, hitting $53.68. 1,293,230 shares of the company's stock traded hands, compared to its average volume of 2,843,475. 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 52 week low of $32.72 and a 52 week high of $54.82. The firm has a market capitalization of $16.82 billion, a P/E ratio of 14.05 and a beta of 1.39. The business's fifty day moving average price is $49.51 and its two-hundred day moving average price is $45.43.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equities research analysts predict that Equitable Holdings, Inc. will post 7.24 EPS for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares of the company's stock, valued at $5,039,221.85. This represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the sale, the chief executive officer now directly owns 648,555 shares in the company, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,032 shares of company stock valued at $7,587,971. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Equitable from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, Barclays lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.33.

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.