Counterpoint Mutual Funds LLC Sells 3,555 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Counterpoint Mutual Funds LLC lessened its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,877 shares of the company’s stock after selling 3,555 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Equitable were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc raised its position in shares of Equitable by 195.6% during 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. Assetmark Inc. lifted its stake in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Equitable by 298.3% during the fourth 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 last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after acquiring an additional 409 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in Equitable by 82.7% in the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after purchasing an additional 817 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Price Performance

Shares of NYSE:EQH opened at $51.28 on Monday. Equitable Holdings, Inc. has a one year low of $35.18 and a one year 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 market cap of $15.79 billion, a price-to-earnings ratio of 13.42 and a beta of 1.39. The firm has a 50 day simple moving average of $52.42 and a 200 day simple moving average of $47.62.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 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%. Research analysts predict 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 was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Insider Activity at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares in the company, valued at $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. Insiders sold a total of 95,032 shares of company stock worth $4,799,566 in the last quarter. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and increased their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and an average price target of $57.75.

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.