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

Yousif Capital Management LLC decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,383 shares of the company’s stock after selling 6,349 shares during the quarter. Yousif Capital Management LLC’s holdings in Equitable were worth $5,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. boosted its position in shares of Equitable by 3.3% during 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 boosted its holdings in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Equitable by 2.2% in the fourth 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 period. Allspring Global Investments Holdings LLC raised its position in shares of Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after purchasing an additional 332 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 352 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets started coverage on Equitable in a research report on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.67.

Insiders Place Their Bets

In other news, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s 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 owns 629,939 shares in the company, valued at $32,536,349.35. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,032 shares of company stock valued at $7,587,971 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Equitable Trading Down 2.4 %

NYSE EQH opened at $52.23 on Friday. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of -47.91 and a beta of 1.39. The business’s fifty day moving average is $49.40 and its 200-day moving average is $45.31. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a one year low of $32.72 and a one year high of $54.82.

Equitable (NYSE:EQH) 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 negative net margin of 2.64% and a positive return on equity of 76.47%. Equities research analysts predict that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is -88.07%.

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.